Loading…
The Canadian dollar hit a six-day low of 1.3530 per U.S. dollar after Fed Chair Powell's remarks lifted U.S. bond yields. Markets priced about a 65% chance of a quarter-point Fed cut in November, and oil prices edged lower.
Rate expectations are driving the U.S. dollar higher against the loonie, and softer oil prices weigh on Canadian export earnings. For feed buyers the effect runs through macro currency channels rather than direct crop supply.
finimize.comFinimize NewsroomSep 30, 2024Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
