
The Canadian dollar fell to around 70.5 US cents on March 17 after a more than 1% drop, and is at a four-year low. Analysts said it could fall below 70 cents as the virus and OPEC's decision to boost oil supply weighed on the currency.
WTI crude fell about 6% to around $27 a barrel, from above $50 a month earlier.
Oil's plunge and the loonie's slide are linked, since the Canadian dollar tends to move with crude. A weaker currency makes U.S. imports more expensive for Canadian buyers, while lower oil cuts energy costs.
過去の傾向を示すのに十分な類似イベントがまだありません。
過去の弱気なマクロイベント565件の後、原油(WTI) は5営業日で中央値 -1.4% 動き(41% が上昇。中央50%は -5.9% から +3.0%)、20営業日では -0.5% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Reports WTI falling about 6% to around $27 on March 17 as virus effects and OPEC's supply boost weighed.