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The Canadian dollar weakened against the USD on Tuesday as oil and gold prices fell, retreating from a near seven-week high. Traders awaited a two-day Fed meeting that could confirm an average inflation target.
Lower oil and a firmer dollar weigh on energy-linked commodity sentiment, while the Fed's stance shapes broader dollar-denominated commodity prices.
brecorder.comReutersJul 28, 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.
