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USD/CAD has fallen about 2.6% from its yearly high and has stalled at major technical support near 1.3942 to 1.3949. Analysts say a break below could extend the October downtrend, while Friday's US and Canadian employment reports may set the next directional move.
A technical range break in USD/CAD could shift the Canadian dollar's value against the greenback, affecting the cost of Canadian canola meal and other exports for feed buyers. The impact on commodity prices is limited to currency sentiment.
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.
