
The Canadian dollar was little changed against the U.S. dollar on August 31, 2021, recovering earlier losses. Statistics Canada reported that the economy unexpectedly contracted 1.1% in the second quarter, versus analyst expectations of 2.5% growth.
Oil prices had fallen earlier in the session.
A weaker oil price and a softer Canadian economy weigh on the loonie, which raises the cost of Canadian-origin imports for buyers. The currency move is small and has little direct effect on feed grain prices.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 565 peristiwa makro bearish sebelumnya, Minyak Mentah (WTI) bergerak median -1,4% selama 5 sesi (41% lebih tinggi; separuh tengah -5,9% sampai +3,0%), dan -0,5% 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.