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The Canadian dollar weakened to its lowest level in nearly a week as oil prices fell and the greenback posted broad gains. US crude settled 0.6% lower at $74.83 a barrel after an unexpected rise in US inventories.
Lower crude weakens biofuel economics and feedstock pricing, while a stronger dollar tends to pressure commodity prices broadly.
reuters.comFergal SmithSep 29, 2021Not 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.
