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Scotiabank analysts said USD/CAD is trading above 1.32 and that US and Canadian economic data, rather than risk appetite or commodities, should drive the pair in the near term. They also noted possible month-end passive hedge rebalancing flows.
This is currency commentary with little direct effect on grain or feed prices beyond a general loonie signal for Canadian exporters.
octaafrica.netJul 31, 2023Not 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.
