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The Canadian dollar rose to a four-month high after Canada reported stronger-than-expected GDP data and the US dollar weakened broadly. The article text is truncated and provides limited detail beyond the headline.
A weaker US dollar and firmer loonie tend to make US exports pricier for Canadian and other buyers, while a softer dollar generally supports dollar-denominated commodity prices.
reuters.comJan 31, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
