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The Canadian dollar was the strongest major currency in July after Canada's economy grew 0.6 percent in May, three times expectations. Traders raised bets on further Bank of Canada hikes, with a September or October move increasingly priced in.
Expectations of further rate hikes support the loonie, and the resulting currency strength can weigh on Canadian export competitiveness for agricultural products.
investing.comJul 31, 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.
