STIR: Effective Fed Funds Rate

Oct-07 13:05

FRBNY EFFR for prior session:

  • Daily Effective Fed Funds Rate: 3.08% volume: $109B
  • Daily Overnight Bank Funding Rate: 3.07% volume: $282B

Historical bullets

CANADA: USDCAD Climbing Ahead Of BoC Decision

Sep-07 12:59
  • A recent rise in USDCAD gathers pace at 1.3195 (+0.32%) as CAD continues to modestly outperform Antipodeans amidst USD strength.
  • It earlier stopped just a few pips shy of testing initial resistance at 1.3208 (Sep 1 high), with any dovish slant from the BoC potentially opening key resistance at 1.3224 (Jul 14 highs) and late 2020 levels after that.
  • On the flip side, support is seen at 1.3075 (Sep 2 low) but could take a notable hawkish surprise to sustain a move lower, with the complication of Mester (’22 voter) speaking at the same time.
  • Little impetus from international trade data, with a larger than expected trade surplus in July offset by a small downward revision to June. Volumes data indicated a net trade boost from a GDP perspective but with weaker implications for domestic demand (exports +1.7%, imports -1.4%).

Source: Bloomberg

US EURODLR OPTIONS: Call fly seller

Sep-07 12:57

EDZ2 96.00/96.25/96.50c fly sold at 3.5 and 3.25 in 20k

MNI: US REDBOOK: SEP STORE SALES +10.9% V YR AGO MO

Sep-07 12:55



  • MNI: US REDBOOK: SEP STORE SALES +10.9% V YR AGO MO
  • US REDBOOK: STORE SALES +10.9% WK ENDED SEP 03 V YR AGO WK