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USD/CAD dropped to 1.3230 on July 31, its first daily fall in five sessions, as WTI crude recovered to around $80.25. Markets awaited US nonfarm payrolls and Canada's July employment report that Friday.
Crude's rebound and month-end positioning support the loonie, while upcoming jobs data may shift rate expectations that influence commodity currency flows.
octaafrica.netJul 31, 2023Not enough comparable past events yet for a historical read.
Not 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.
