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Analysts at TD Securities and RBC Capital Markets expect the Canadian dollar to strengthen against the U.S. dollar over the coming days on technical and macroeconomic factors. The loonie had weakened as the U.S. dollar was boosted by a consumer confidence report.
ING sees USD/CAD reaching 1.30 by 2020 on Canada's economic outperformance.
A stronger loonie raises the local cost of U.S.-dollar-priced feed imports and grain exports for Canadian buyers, while a weaker U.S. dollar tends to support dollar-denominated commodity prices.
poundsterlinglive.comJames SkinnerAug 27, 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.
