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The Canadian dollar is being pushed lower by the Russia-Saudi oil price war, which has caused a price collapse, and the loonie has re-linked to crude on the downside. Scott Barlow notes that the currency is tracking oil and bond yield spreads.
The article shows charts of the loonie, Western Canadian Select crude and copper.
Oil's slide and the loonie's weakness weigh on Canadian export revenue and farm input prices. The link between the two means that oil moves will continue to drive currency-related cost swings.
theglobeandmail.comScott Barlow17 Mar 2020Belum 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.
