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The Canadian dollar traded flat after Canada's Q2 GDP beat expectations at 2.1% annualized, though monthly GDP was flat. Thin holiday trading left the currency without a clear direction against the U.S. dollar.
A stronger-than-expected GDP print with a flat monthly reading leaves Bank of Canada easing expectations largely intact, so the currency impact on grain and oilseed markets is minimal.
fxstreet.comJoshua GibsonAug 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.
