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The Canadian dollar showed little change in quiet trading as US yields rebounded and the short-term US-Canada rate spread widened. Scotiabank estimated fair value at 1.3890 and expects CAD softness to continue into November, with the US 2-year yield more than 50bp above the Canadian equivalent.
A wider US-Canada rate gap supports a stronger US dollar against the loonie, which can influence Canadian export pricing for feed ingredients in USD terms.
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.