# C$ dips against greenback; falls harder vs other G10 currencies

> The Canadian dollar weakened against the U.S. dollar on December 1 as investors cut bets on another oversized Bank of Canada rate hike, while the loonie fell harder against other G10 currencies. The currency was trading at 1.3430 per U.S. dollar.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/38458-c-dips-against-greenback-falls-harder-vs-other-g10-currencies
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency moves of this size have little direct effect on grain or oilseed prices and are a routine market move without a major supply or demand cause.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/finance/c-dips-against-greenback-falls-harder-vs-other-g10-currencies-2022-12-01/?taid=6389195d239b0200013b8fcb

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