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The Canadian dollar had its best annual start since floating, rallying about 3% this year as the US dollar retreated broadly. The move reflected a revaluation of US growth prospects.
A broad dollar retreat tends to support dollar-denominated grain and oilseed prices, though the effect on feed buyers is indirect.
bloomberg.comMaciej OnoszkoJan 18, 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.
