# Lacking positive catalysts, the CAD falls for sixth week

> The Canadian dollar fell to a near three-month low against the U.S. dollar on August 25, trading around 1.3615 per greenback. The move followed Fed Chair Powell's signal that further rate hikes may be needed, lifting the greenback broadly.

- Date: 2023-08-25 · published 2023-08-25T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34814-lacking-positive-catalysts-the-cad-falls-for-sixth-week
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker loonie makes Canadian-origin feed inputs such as canola meal cheaper for US and other buyers, while higher US rates keep the dollar firm, which tends to pressure dollar-priced grain and meal.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-31 | [Canadian Dollar heads for a sixth straight loss as Loonie falls under the Greenback wheel](https://feedsoft.ai/events/23974-canadian-dollar-heads-for-a-sixth-straight-loss-as-loonie-falls-under-the.md) | -0.7% | -0.6% |
| DXY | 2019-06-27 | [Yen falls to one-week low with G20 summit in focus](https://feedsoft.ai/events/58838-yen-falls-to-one-week-low-with-g20-summit-in-focus.md) | +0.2% | +0.6% |
| DXY | 2020-10-29 | [Euro falls to four-week low as ECB flags easing in December \| Financial Post](https://feedsoft.ai/events/50839-euro-falls-to-four-week-low-as-ecb-flags-easing-in-december-financial-post.md) | -0.5% | -2.2% |
| DXY | 2022-11-18 | [Gold falls on Fed rate hike prospects, on track for weekly dip \| Reuters](https://feedsoft.ai/events/38592-gold-falls-on-fed-rate-hike-prospects-on-track-for-weekly-dip-reuters.md) | -0.5% | -1.1% |
| DXY | 2020-03-20 | [Dollar strengthens, set for best week since the financial crisis](https://feedsoft.ai/events/6277-dollar-strengthens-set-for-best-week-since-the-financial-crisis.md) | -2.1% | -1.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/lacking-positive-catalysts-cad-falls-sixth-week-2023-08-25/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.