Loading…
DailyFX said the short-term direction of the Canadian dollar depends on the outcome of NAFTA talks. An agreement would likely push USDCAD back toward 1.29, while a failure could lift it toward 1.32.
Market pricing gave only about a 20% chance of a Bank of Canada rate hike at its next meeting.
The loonie's direction affects the cost of Canadian and U.S. feed trade and sets the basis for Canadian commodity export prices. Traders are pricing a binary NAFTA outcome, which adds volatility to North American grain and oilseed markets.
nasdaq.comAug 31, 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.
