Loading…
The Canadian dollar weakened to about 76.85 US cents after Trump attacked Trudeau over trade and threatened to scrap NAFTA. Oil also fell on rising Russian output and record US drilling.
Trade threats against Canada weigh on the loonie and raise the cost of US-priced imports for Canadian feed buyers.
cnbc.comReutersJun 11, 2018Not enough comparable past events yet for a historical read.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% 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.
