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The Canadian dollar reached its highest level of September on September 19 as November crude rose $1.18 to US$70.77, near a July high. Crude gains followed a sizable US inventory draw and supply concerns tied to Iran and Hurricane Florence.
Crude strength tied to supply disruptions and US inventory draws supports energy-linked currencies and raises biofuel and diesel input costs for feed and transport.
chroniclejournal.comRoss Marowits The Canadian PressSep 19, 2018Not enough comparable past events yet for a historical read.
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.
