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USD/CAD was trading near 1.3823 ahead of the FOMC minutes, with resistance from its 20-day moving average at 1.3874. U.S. consumer confidence jumped to 98 in May, and easing EU-U.S. tensions supported the dollar.
Interest rate divergence, with the Bank of Canada possibly cutting in June, was cited as a key driver.
Expected Bank of Canada cuts and firmer U.S. rates favor a higher USD/CAD, which raises the cost of Canadian feed commodities in U.S. dollars. The effect on feed prices is small.
fxstreet.comTammy Da Costa, CFTe®May 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.
