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The Canadian dollar was quiet ahead of the release of Federal Reserve minutes, with USD/CAD down 0.07% at 1.3517. Canada's January headline inflation fell to 2.9% year on year, below expectations, but the loonie showed little reaction.
Softer Canadian inflation reduces the chance of an early Bank of Canada hold, which could weigh on the loonie over time and lift USD/CAD. The article is routine currency commentary with little bearing on feed prices.
noortrends.aeMohamed AbdelhamidFeb 21, 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.
