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Markets expected the Bank of Canada to hold rates on October 30 while the Fed cut, which would give the US a lower policy rate than Canada for the first time in three years. Bullish bets on the Canadian dollar reached their highest since February 2018.
Analysts expected the loonie to test the 1.30 level.
A widening rate gap drawing hot-money flows into the loonie shifts currency values that affect Canadian export pricing and US import costs for feed ingredients.
financialpost.comPamela HeavenOct 30, 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.
