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The Canadian dollar rose on Wednesday, driven mainly by broader market flows rather than domestic data. Traders are positioning for expected Federal Reserve rate cuts in September, and Canadian GDP is due Friday.
Currency moves driven by global risk sentiment have little direct bearing on feed commodity prices, so the effect on the feed market is negligible.
fxstreet.comJoshua GibsonAug 28, 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.
