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The Canadian dollar fell 0.2% to 1.3830 per U.S. dollar on Wednesday, extending a pullback from a seven-month high. U.S. consumer confidence improved in May, which supported the greenback across the board.
Traders were waiting for Canadian GDP data due on Friday.
A weaker loonie raises the U.S.-dollar cost of Canadian feed exports. The move is driven by U.S. currency strength rather than a change in Canadian supply or demand.
tradingview.comMay 28, 2025Not 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.
