
RBC Economics argues the Canadian dollar's six-year high of 83 US cents in early June was likely the peak for 2021. It cites a more hawkish Federal Reserve shifting sentiment toward the U.S. dollar and fading commodity support for the loonie.
The note also discusses the effects of a stronger currency on exporters and importers.
Expectations of a firmer U.S. dollar and softer commodity-linked currencies can weigh on dollar-denominated commodity prices and shift export competitiveness for Canadian agricultural products.
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.