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The Canadian dollar and oil held firm into year-end as currency flows and expectations for US payrolls shaped trading. The dollar sat near a three-week low ahead of the data.
The report also mentions a UK election outcome.
Currency moves ahead of US data shift the cost of Canadian commodity exports, and firm oil supports vegetable oil and biofuel values.
reuters.comDec 28, 2016After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
Not 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.
