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The Canadian dollar was the top-performing G10 currency as investors weighed de-escalation of US-China trade tensions after Treasury Secretary Bessent called the standoff unsustainable. Oil settled up nearly 2% at $64.31 a barrel.
Expectations of US-China de-escalation support export demand for US and Canadian agricultural goods and firm energy prices that feed into input and freight costs.
reuters.comFergal SmithApr 22, 2025Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
