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The Canadian dollar rose against the USD and GBP after Canada's core inflation measures ticked higher in November, with the median CPI rising sharply. Some analysts planned to exit long loonie positions ahead of expected weakness in 2020.
Firmer core inflation reduces near-term Bank of Canada easing, supporting the loonie and modestly raising USD-denominated Canadian feed costs. The direct effect on feed prices is small.
poundsterlinglive.comJames SkinnerDec 18, 2019Not 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.
