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The Canadian dollar edged lower against the U.S. dollar as oil fell more than 2% on coronavirus concerns about travel and fuel demand in China. The loonie had been pressured earlier by the Bank of Canada holding rates at 1.75%.
Oil weakness from virus-related demand worries lowers energy prices, which can feed through to biofuel and freight costs for feed markets.
marketscreener.comMarketScreener24 ene 2020Tras 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.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
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.
Oil fell over 2% on Jan 24 on virus-related travel and fuel demand worries, confirming the downward move within the window.
