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The Canadian dollar eased to 1.3176 per US dollar on August 26 as the US dollar broadly firmed after strong capital goods orders. Oil prices near a five-month high, lifted by Gulf of Mexico production shut-ins ahead of Hurricane Laura, limited the loonie's losses.
Currency moves here are small and mostly reflect broad dollar trends and oil-linked support for the loonie. The Gulf shut-ins highlight energy supply disruption, which is only a minor driver for feed markets.
brecorder.comReutersAug 26, 2020Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
