# Slowing US Economy Leaves US Dollar Flat Vs The Canadian Dollar - USD/CAD Exchange Rate News | Exchange Rates UK

> 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.

- Date: 2019-08-29 · published 2019-08-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/57822-slowing-us-economy-leaves-us-dollar-flat-vs-the-canadian-dollar-usd-cad
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

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.

## Read by commodity

- USDCAD: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/27026/slowing-us-economy-leaves-usdcad-exchange-rate-flat.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.