
The loonie began a noticeable decline in the second week of March, shortly after the Russia-Saudi oil price war broke out. It closed just below 0.69 US on March 18 and ended the week just below 0.70, down more than 7 cents from the start of the year.
The currency has been highly sensitive to oil prices.
The loonie's sensitivity to crude means that oil-driven moves in the currency feed directly into Canadian input costs and export competitiveness. The volatility is expected to persist as the economy adjusts.
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.