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The Canadian dollar rose to its highest level in over three months against the greenback on October 28, as speculative net long positions climbed to 33,393 contracts. Traders were positioning ahead of the Bank of Canada decision and an expected Fed rate cut.
Currency positioning in the loonie affects the cost of Canadian-origin feed and oilseed products for US buyers, and reflects expected rate-differential shifts.
financialpost.comReutersOct 28, 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.
