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Societe Generale revised its forecast and no longer expects the Canadian dollar to be the best-performing major currency this year. It now sees modest performance against the US dollar, with the loonie around 75.8 US cents in the second quarter.
The bank cited stronger US data and coronavirus effects on Asian currencies.
A currency forecast revision has limited direct effect on feed prices. It mainly signals a shift in expected relative currency strength.
theglobeandmail.comMichael BabadFeb 24, 2020Not 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.
