# Canadian dollar surges to two-year high as U.S. dollar slides after Fed

> 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.

- Date: 2017-07-26 · published 2017-07-26T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/70217-canadian-dollar-surges-to-two-year-high-as-u-s-dollar-slides-after-fed
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

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.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- ca.finance.yahoo.com: https://ca.finance.yahoo.com/news/canadian-dollar-eases-against-greenback-135837676.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.