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USD/CAD held in a range above 1.3400 on Friday after a strong prior-day bounce. Traders weighed a weak US dollar, stalled US fiscal talks, lower oil prices and the upcoming Canadian GDP release.
Currency moves in USD/CAD affect the relative cost of Canadian oilseed and grain exports, and oil-linked loonie strength reflects energy-demand sentiment.
octaafrica.netJul 31, 2020Not enough comparable past events yet for a historical read.
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.
