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The Canadian dollar strengthened against the US dollar on Thursday even as the greenback hit a one-year high against a basket of currencies. The USD/CAD pair fell to 1.2671 from Wednesday's close of 1.2754.
Dollar strength driven by expected Fed tightening can weigh on dollar-priced grain and oilseed markets, though the direct feed price effect is modest.
fxempire.comVivek KumarSep 30, 2021After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
