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The Canadian dollar fell as investors sought the safety of the US dollar amid a broad selloff in financial markets. Canadian data showed retail sales edged up 0.1% in February, producer prices rose 18.5% year on year in March, and headline CPI reached 6.7%.
A risk-off move that strengthens the US dollar tends to weigh on commodity prices in general, and Canadian inflation data points to rising costs for Canadian agricultural producers.
fxdailyreport.comDaffa ZakyApr 22, 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.
