Loading…
CBC commentary on Dec. 13 says a US Federal Reserve rate hike was widely expected that day, with more hikes to follow.
The analysis focuses on how higher US rates could push the Bank of Canada to raise Canadian rates.
Expected US rate hikes tend to strengthen the dollar and raise borrowing costs for feed operators and farmers. The effect on feed commodity prices is indirect and modest.
cbc.caDec 13, 2017After 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.
