# Canadian dollar falls from 4-month high after Trump boosts U.S. dollar | CBC News

> The Canadian dollar retreated from a four-month high against the U.S. dollar after Trump said at Davos he wanted a stronger greenback. The loonie had gained about 5% over the past month following Treasury Secretary Mnuchin's remarks that a weaker dollar helps exporters. The Canadian dollar closed around 81.15 U.S. cents.

- Date: 2018-01-25 · published 2018-01-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67200-canadian-dollar-falls-from-4-month-high-after-trump-boosts-u-s-dollar-cbc-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger loonie makes Canadian canola, wheat and other exports more expensive abroad and can weigh on Canadian-origin feed ingredient prices, while a firmer greenback pressures dollar-denominated grain prices.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-14 | [Canadian dollar falls as investors buy into U.S. under Trump \| CBC News](https://feedsoft.ai/events/74058-canadian-dollar-falls-as-investors-buy-into-u-s-under-trump-cbc-news.md) | +1.4% | +0.8% |
| DXY | 2022-07-14 | [Canadian dollar falls to a 20-month low after supersized interest rate hike](https://feedsoft.ai/events/40721-canadian-dollar-falls-to-a-20-month-low-after-supersized-interest-rate-hike.md) | -0.6% | -2.1% |
| DXY | 2024-06-26 | [Canadian dollar weakens as boost from CPI data fades \| Kitco News](https://feedsoft.ai/events/30013-canadian-dollar-weakens-as-boost-from-cpi-data-fades-kitco-news.md) | +0.3% | -0.3% |
| DXY | 2023-02-15 | [Most Asian Currencies Hit 1-Month Lows As Dollar Firms After U.S. CPI Data](https://feedsoft.ai/events/37602-most-asian-currencies-hit-1-month-lows-as-dollar-firms-after-u-s-cpi-data.md) | +0.8% | +1.8% |
| DXY | 2016-12-01 | [Australian dollar falls to five-month low as Trump rally continues](https://feedsoft.ai/events/74103-australian-dollar-falls-to-five-month-low-as-trump-rally-continues.md) | -0.9% | +0.8% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/canadian-dollar-loonie-currency-1.4503254

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