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The Canadian dollar hit its strongest level since mid-2015 against the U.S. dollar after a Federal Reserve statement was read as more dovish than expected. Strategists doubted the loonie could rally much further because a further Bank of Canada hike this year was already priced in.
The loonie's rise against the greenback raises the cost of Canadian exports, which can soften demand for Canadian canola and barley relative to competing origins.
ca.finance.yahoo.comReutersJul 26, 2017Not 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.
