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USD/CAD traded near 1.3070 ahead of Canadian GDP data, with markets expecting 0.3% growth. Traders also awaited US consumer confidence and were weighing protectionist policy concerns.
Pre-release positioning on the loonie has little direct effect on feed prices, though it reflects currency sentiment that can move Canadian-linked commodity values.
ca.investing.comMarketPulseJan 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.
