
The Canadian dollar weakened to a nearly seven-week low against the US dollar on Sept 22, trading 0.3% lower at 1.4075 per US dollar. The move came as the gap between US and Canadian yields kept widening despite a more hawkish stance from Bank of Canada Governor Tiff Macklem.
A weaker loonie makes Canadian grain and oilseed exports cheaper for foreign buyers, which can add mild pressure to Canadian feed-ingredient prices. The effect on the feed market is small compared with the US rate outlook.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.