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The U.S. dollar was flat against the Canadian dollar after a second estimate showed U.S. GDP growing 2% in the second quarter. U.S. consumer spending grew at its fastest pace in four and a half years, and unemployment was near a 50-year low.
China signalled it would not retaliate immediately to new U.S. tariffs, and a September U.S.-China meeting was under discussion.
A possible easing of the U.S.-China trade dispute would support soybean and grain demand from China, while the flat exchange rate leaves the Canadian dollar's price impact on commodities unchanged.
exchangerates.org.ukColin LawrenceAug 29, 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.
