# Canadian dollar notches three-week high as dovish Fed bolsters stocks - The Globe and Mail

> The Canadian dollar rose 0.2% to 1.2677 per US dollar on Thursday, its strongest level in nearly three weeks. Global shares rose for a ninth straight day after a benign US inflation report and a dovish Federal Reserve outlook, while US crude fell 0.2% to $58.55.

- Date: 2021-02-11 · published 2021-02-11T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48897-canadian-dollar-notches-three-week-high-as-dovish-fed-bolsters-stocks-the-globe
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A dovish Fed weakens the dollar and supports commodity-linked currencies, which lowers the cost of Canadian-origin feed for US buyers. The move is small and has little direct price impact on grain or meal.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-notches-three-week-high-as-dovish-fed-bolsters-stocks/

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