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USD/CAD held above the 1.3500 level in Asian trading after a rebound from 1.3420, the lowest since March 8. Traders weighed bets on a larger Bank of Canada cut, Fed rate expectations and Middle East tensions.
This is routine currency commentary with no new cause for a firm move. It has little direct bearing on feed commodity prices.
fxstreet.comHaresh MenghaniSep 30, 2024Not 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.
