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The Canadian dollar fell for a sixth straight session on Thursday, with USD/CAD briefly rising above 1.3850. The decline followed a 0.1% monthly GDP contraction in June and firmer US PCE inflation data.
Continued loonie weakness and a stronger dollar support US export competitiveness against Canadian grain and oilseed supplies, a modest bearish factor for Canadian canola meal.
fxstreet.comJoshua GibsonJul 31, 2025Not enough comparable past events yet for a historical read.
After 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.
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.
