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The Canadian dollar strengthened to 75.35 U.S. cents after coming off six-week lows, following Bank of Canada Governor Stephen Poloz's remarks that current monetary policy was appropriate. Earlier, Senior Deputy Governor Carolyn Wilkins had said the central bank had room to cut rates.
China said it would keep working toward an initial trade agreement with the United States.
Signals of steady Canadian rates and progress on U.S.-China trade support commodity-linked currencies and demand expectations. The move is modest and trading stayed range-bound.
financialpost.comReutersNov 21, 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.
