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The Canadian dollar rallied to a near three-week high against the US dollar, gaining 0.5% and posting the biggest gain among G10 currencies. The move followed a clearing of domestic political uncertainty as Canada avoided another election.
A firmer loonie on reduced political risk lowers the Canadian-dollar cost of USD-priced feed imports, a small easing for Canadian buyers.
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.