Loading…
USD/CAD was reported near 1.4110 in Asian trading, with lower oil prices weighing on the Canadian dollar while strong US hiring supported the US currency. Brent and WTI fell as markets reacted to remarks suggesting further US strikes on Iran were unlikely if negotiations produced an agreement.
Cheaper crude can weaken Canada’s commodity-linked currency, while a stronger US dollar can raise the local-currency cost of imported feed inputs. The reported FX and oil moves are not a direct change in feed supply or demand.
econotimes.comAdrian ValeNov 9, 2026After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
