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CBC commentary notes Fed chair Powell left rates unchanged on June 19 but opened the door to cuts if the economy weakens. Canadian inflation data showed renewed economic strength, raising the possibility that the Bank of Canada will not follow US cuts.
Diverging monetary policy between Canada and the US supports the loonie and changes the dollar cost of Canadian feed and oilseed exports.
cbc.caDon PittisJun 20, 2019Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
