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USD/CAD climbed to near two-week highs above 1.2600 after a strong US ADP report and a wider Canadian current account deficit. Weaker crude oil prices also weighed on the commodity-linked loonie.
Weaker crude and a softer loonie shift the cost of Canadian-origin feed and oilseed exports, and the pair's move mainly reflects technical and currency flows rather than a new supply or demand change.
octaafrica.netAug 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.
