
The Canadian dollar fell to about 75.15 US cents on Friday, its lowest level since October 2020, as investors fled to the U.S. dollar. Stubbornly high U.S. inflation raised expectations that the Federal Reserve would hike rates aggressively, with a 75 basis point move expected the following week.
An analyst said the loonie could fall to 73 cents.
A firmer U.S. dollar and higher U.S. rates tend to pressure dollar-denominated grain and oilseed prices while making US exports cheaper for foreign buyers. Tighter financial conditions also weigh on commodity demand.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.