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The Canadian dollar fell as investors bought US dollars on expectations that a Trump administration would boost the economy and lift Fed rates. The loonie dropped to 73.60 US cents, its lowest since February, before closing at 73.78.
A stronger US dollar and rising US rate expectations make US-priced feed grains and meals less competitive abroad, pressuring export demand and prices.
cbc.caCBC NewsNov 14, 2016After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
