# Trade fears and dovish central bank limit Canadian dollar’s upside - MarketWatch

> The Canadian dollar rebounded on March 6 after hitting an eight-month low the day before, but the rally was limited by trade tensions with the US. The US dollar was up 2.8% against the loonie since the start of the year, and the Bank of Canada was expected to hold rates.

- Date: 2018-03-07 · published 2018-03-07T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/66251-trade-fears-and-dovish-central-bank-limit-canadian-dollar-s-upside-marketwatch
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Trade tension keeps a risk premium on the loonie, which raises the Canadian-dollar cost of US feed commodities. The effect is a currency move with limited direct grain price impact.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- marketwatch.com: https://www.marketwatch.com/story/trade-fears-and-dovish-central-bank-limit-canadian-dollars-upside-2018-03-06

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.