# C$ steadies, after hitting 1-month low on better-than-expected US data - The Business Times

> The Canadian dollar was little changed on July 26, 2019 after touching a one-month low following stronger-than-expected US GDP data and a White House statement ruling out intervention to weaken the dollar. Oil prices rose on the same day, supported by US data and concerns over tanker safety around the Strait of Hormuz.

- Date: 2019-07-28 · published 2019-07-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/58338-c-steadies-after-hitting-1-month-low-on-better-than-expected-us-data-the
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher crude prices from Strait of Hormuz safety concerns raise energy and biofuel input costs, which can lift prices for energy-linked feed and ethanol co-products. A stronger US dollar, however, makes dollar-priced commodities more expensive for foreign buyers.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2016-11-30 | [Seoul: Won down at 1-week low as US dollar jumps after Opec deal; stocks up - The Business Times](https://feedsoft.ai/events/74046-seoul-won-down-at-1-week-low-as-us-dollar-jumps-after-opec-deal-stocks-up-the.md) | +12.5% | +19.3% |
| WTI | 2016-05-25 | [Spread between US oil and natural gas hits 20-month high - The Business Times](https://feedsoft.ai/events/7639-spread-between-us-oil-and-natural-gas-hits-20-month-high-the-business-times.md) | +1.7% | +1.9% |
| WTI | 2021-08-18 | [Canadian dollar rallies after hotter-than-expected inflation data](https://feedsoft.ai/events/45794-canadian-dollar-rallies-after-hotter-than-expected-inflation-data.md) | +1.5% | +9.1% |
| WTI | 2023-04-12 | [Oil rises 2% on lower-than-expected US inflation data \| Reuters](https://feedsoft.ai/events/36559-oil-rises-2-on-lower-than-expected-us-inflation-data-reuters.md) | -0.8% | -9.6% |
| WTI | 2026-09-28 | [Asian currencies: Thai baht hits two-month low as oil prices surge - Markets - Business Recorder](https://feedsoft.ai/events/17732-asian-currencies-thai-baht-hits-two-month-low-as-oil-prices-surge-markets.md) | +9.1% | +18.9% |
| DXY | 2024-10-28 | [South Korea vows to fight volatility after won hits three-month low - The Business Times](https://feedsoft.ai/events/28101-south-korea-vows-to-fight-volatility-after-won-hits-three-month-low-the.md) | +0.2% | +1.9% |
| DXY | 2025-09-26 | [South African rand edges down after better-than-expected U.S. data \| CNBC Africa](https://feedsoft.ai/events/23176-south-african-rand-edges-down-after-better-than-expected-u-s-data-cnbc-africa.md) | -0.1% | +0.3% |
| DXY | 2023-01-29 | [Dollar clings to gains after US data; traders eye upcoming Fed meetings - The Business Times](https://feedsoft.ai/events/38005-dollar-clings-to-gains-after-us-data-traders-eye-upcoming-fed-meetings-the.md) | +0.5% | +2.1% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/c-steadies-after-hitting-1-month-low-better-expected-us-data

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