
BMO Capital Markets says recent U.S. data have kept the Federal Reserve on a higher-for-longer path, with markets pricing at least three more quarter-point hikes that would lift the terminal rate to 5.25%-5.50%. The U.S. dollar has rebounded to its highest level of 2023, and the Canadian dollar has weakened alongside it.
A stronger U.S. dollar and higher U.S. rates weigh on dollar-priced commodities and pressure the loonie, which can raise the cost of Canadian grain and oilseed imports while lowering Canadian export prices in local currency. The Bank of Canada may face pressure to hike again.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Tras 2356 eventos alcista de macro pasados, Dólar estadounidense (amplio) se movió una mediana de +0,2 % en 5 sesiones (60% al alza; mitad central entre -0,3 % y +0,7 %), y +0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.