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The commodity-linked Canadian dollar fell 0.3% to 1.3193 per U.S. dollar after pulling back from a nine-month high. Weak flash PMI data from the eurozone, UK, Australia, Japan and the U.S. spooked investors.
Oil settled 0.5% lower at $69.16 a barrel.
Signs of global slowdown reduce oil and industrial demand and strengthen the dollar, which pressures commodity prices broadly. For feed buyers, weaker energy and stronger dollar conditions can ease some input costs.
businesstimes.com.sgJun 25, 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.
