# Canadian dollar slips as hedge fund jitters underpin the greenback - Markets - Business Recorder

> The Canadian dollar edged lower against the US dollar as the default of a US hedge fund weighed on sentiment and lifted the safe-haven greenback to a four-month high. Oil prices settled higher, with US crude near $61.56 a barrel after reports that Russia would support stable OPEC+ output.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48365-canadian-dollar-slips-as-hedge-fund-jitters-underpin-the-greenback-markets
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Risk-off flows strengthening the US dollar can weigh on dollar-priced commodities and Canadian export earnings. Higher crude supports energy-linked currencies but does little for feed ingredients directly.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-31 | [Dollar slips ahead of US jobs data - Markets - Business Recorder](https://feedsoft.ai/events/18078-dollar-slips-ahead-of-us-jobs-data-markets-business-recorder.md) | -0.6% | +1.6% |
| DXY | 2024-05-08 | [China’s yuan slips as hawkish Fed comments boost dollar - Markets - Business Recorder](https://feedsoft.ai/events/5869-china-s-yuan-slips-as-hawkish-fed-comments-boost-dollar-markets-business.md) | -0.1% | +0.4% |
| DXY | 2021-01-29 | [Safe-haven dollar looks to end week strong as market jitters persist - Markets - Business Recorder](https://feedsoft.ai/events/49396-safe-haven-dollar-looks-to-end-week-strong-as-market-jitters-persist-markets.md) | +0.7% | +0.7% |
| DXY | 2021-03-31 | [Canadian dollar hits 3-week low as US readies infrastructure plan - Markets - Business Recorder](https://feedsoft.ai/events/48364-canadian-dollar-hits-3-week-low-as-us-readies-infrastructure-plan-markets.md) | -0.9% | -2.0% |
| DXY | 2022-06-13 | [China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41171-china-s-yuan-slips-to-2-week-low-as-dollar-jumps-on-inflation-data-markets.md) | +1.0% | +2.9% |
| WTI | 2021-03-29 | [Canadian dollar dips as hedge fund default crimps risk appetite - Markets - Business Recorder](https://feedsoft.ai/events/48367-canadian-dollar-dips-as-hedge-fund-default-crimps-risk-appetite-markets.md) | -3.7% | +1.7% |
| WTI | 2021-11-05 | [Canadian dollar steadies as jobs gain supports rate hike bets - Markets - Business Recorder](https://feedsoft.ai/events/44268-canadian-dollar-steadies-as-jobs-gain-supports-rate-hike-bets-markets-business.md) | +3.4% | -15.9% |
| WTI | 2021-05-28 | [Canadian dollar falls as investors weigh US inflation surge - Markets - Business Recorder](https://feedsoft.ai/events/47328-canadian-dollar-falls-as-investors-weigh-us-inflation-surge-markets-business.md) | +4.1% | +10.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40079132

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