
The Canadian dollar weakened slightly against the US dollar on Wednesday after touching an eight-week high the previous day. Canada's October inflation held at 6.9%, and markets priced a 25 basis point Bank of Canada hike for December with a 35% chance of 50 basis points.
US crude fell 1.5% to $85.59 a barrel.
Inflation data and the expected size of Bank of Canada rate hikes drive the currency and borrowing costs, with little direct effect on feed grain supply or demand. Oil dipping on China COVID concerns is a minor signal for energy-linked costs.
Tras 565 eventos bajista de macro pasados, Petróleo crudo (WTI) se movió una mediana de -1,4 % en 5 sesiones (41% al alza; mitad central entre -5,9 % y +3,0 %), y -0,5 % 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.