Loading…
The Canadian dollar rose to a nearly seven-week high against the U.S. dollar on July 30, 2018. The gain was driven by higher oil prices and optimism that the U.S., Mexico and Canada could make progress on NAFTA talks, with Mexico and the U.S. agreeing to step up negotiations toward an August target.
A stronger loonie and firmer crude prices shift the cost of Canadian and oil-linked inputs for feed buyers, and a NAFTA deal would ease trade risk for North American meal and grain flows.
financialpost.comReutersJul 30, 2018Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
