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Scotiabank analysts note the Canadian dollar and Norwegian krone have decoupled from oil prices, and they expect a realignment with crude that could support both currencies in coming weeks. Their view is that negativity is already priced in and US bond yields are stabilising.
If the loonie realigns with firmer oil prices, USD/CAD would fall, lowering the cost of Canadian exports. The effect on feed prices is limited because the view is a currency forecast.
octaafrica.netOct 31, 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.
