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The Canadian dollar edged higher on Wednesday, rebounding from its weakest level in nearly eight weeks as the Bank of Canada raised interest rates to a 14-year high and investor sentiment improved. The loonie traded 0.1% higher at 1.3135 to the U.S. dollar.
Higher Canadian rates support the currency, lowering the cost of Canadian-origin feed ingredients in US dollar terms. The move is small and has little direct effect on feed commodity prices.
reuters.comFergal SmithSep 7, 2022Not 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.
