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The Canadian dollar lost about 2 cents since early February amid the equity rout, as the greenback gained against the loonie and other dollar-bloc currencies. Attention turned to upcoming US inflation data and trade frictions, including Trump criticism of Canadian trade practices.
A firmer US dollar against the loonie tends to make Canadian-origin feed ingredients cheaper for USD buyers but reflects risk-off sentiment that can pressure commodity prices broadly.
theglobeandmail.comMichael BabadFeb 13, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
