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The Canadian dollar strengthened to a four-week high on October 11 after September data showed 53,700 jobs were added, far above the 10,000 forecast. Traders reduced bets on a Bank of Canada rate cut at the October 30 decision.
Hopes for a partial US-China trade deal also supported the loonie.
Stronger Canadian labor data and a firmer loonie reduce the odds of a BoC cut, which affects the currency cost of Canadian-origin feed inputs.
theglobeandmail.comOct 11, 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.
