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The Canadian dollar is being pushed lower by the Russia-Saudi oil price war, which has caused a price collapse, and the loonie has re-linked to crude on the downside. Scott Barlow notes that the currency is tracking oil and bond yield spreads.
The article shows charts of the loonie, Western Canadian Select crude and copper.
Oil's slide and the loonie's weakness weigh on Canadian export revenue and farm input prices. The link between the two means that oil moves will continue to drive currency-related cost swings.
theglobeandmail.comScott Barlow17 mar 2020Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
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.
