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The Canadian dollar gained modestly against the US dollar as oil prices declined and traders awaited the Fed decision. Analysts said market expectations for a Fed hike may be overstated given cooler inflation and reduced US-Iran tensions.
Canada's May GDP data was due later that week.
Expectations that the Fed may hike less than priced would weaken the US dollar and help the loonie. This changes the dollar cost of imported and exported feed-related goods only marginally.
investing.comJul 28, 2026Not 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.
