Loading…
The Federal Reserve was expected to raise interest rates on Wednesday, September 26. Analysts warned that higher US bond yields could push the Canadian dollar lower, especially as transport constraints keep some Canadian crude from reaching US markets.
Fed tightening strengthens the US dollar and can pressure commodity prices and emerging-market currencies, while Canadian crude export constraints add a separate drag on the loonie.
theglobeandmail.comScott BarlowSep 25, 2018After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
