# USD to CAD Update: US Dollar Bounces Back as Yields Rise Dramatically - Interchange Currency Exchange

> The US dollar rebounded about 1.2% against the Canadian dollar after touching three-year lows the previous day. The move followed a sharp rise in US and Canadian bond yields, which weighed on stocks and reflected inflation expectations and a strong recovery outlook.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/48901-usd-to-cad-update-us-dollar-bounces-back-as-yields-rise-dramatically
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger US dollar against the loonie makes Canadian-origin feed and meal cheaper for Canadian buyers and more expensive for US buyers. The broader effect on grain prices is limited.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- interchangefinancial.com: https://www.interchangefinancial.com/blog/usd-to-cad-update-canadian-dollar-moves-further-into-multi-year-highs-2/

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