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Analysts say the Canadian dollar and Norwegian krone no longer track oil prices as closely as they once did. The divergence became clear in September, when oil rose while both currencies lagged.
A weaker link between oil and the loonie makes currency moves less predictable for feed buyers hedging Canadian-origin supply. Oil itself is not the direct driver of feed prices in this story.
poundsterlinglive.comNews, Data, ForecastsDec 20, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
