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The Canadian dollar climbed to a near three-month high against the US dollar on October 21 as investors grew optimistic about progress in US-China trade talks. Canadians voted in the federal general election that day.
The S&P 500 neared a record high.
Easing trade tensions support risk appetite and commodity-exporter currencies, while the loonie's strength raises the cost of Canadian-origin products for US buyers.
ca.finance.yahoo.comFergal SmithOct 21, 2019Not enough comparable past events yet for a historical read.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
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.
