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A market commentary notes the Canadian dollar trading near 1.3525 and expects a test of weaker levels near 1.3650. Cited drivers include a widening US-Canada interest rate differential, a near-inverted Canadian yield curve, stagnant export growth and lower oil.
A bearish loonie outlook supports Canadian export competitiveness for grains and oilseeds, though this is opinion-based commentary with little direct price impact.
investing.comPeter FletcherDec 20, 2018Not 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.
