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The Canadian dollar fell below 71 US cents on Sept 23 for the first time since July and was down 1.7% for the month. Traders raised bets on another Fed rate hike at the Oct 28 meeting, with the Fed funds rate at 3.75%-4.00% against the Bank of Canada's 2.25%.
A stronger US dollar raises the cost of USD-priced feed imports for non-US buyers and can weigh on US export competitiveness. Rate-driven dollar strength is a moderate headwind for USD-denominated commodity prices.
financialpost.comGigi SuhanicSep 23, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
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.
