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The Canadian dollar traded 0.1% lower at 1.3360 per US dollar after touching a 17-day low. Canada's December jobs growth stalled while wages accelerated, and US payrolls rose more than expected.
Labour data shaping rate expectations moves the US dollar and loonie, which affects dollar-priced feed ingredient costs for Canadian buyers.
reuters.comIsmail Shakil, Steve SchererJan 5, 2024Not enough comparable past events yet for a historical read.
After 23 past neutral report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (57% higher; middle half -0.2% to +0.4%), 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.
