USDA Forecasts and New Lows for the Loonie (and Crude Oil) — This Week in the Markets

by

Opinion

This past week saw a lot of reports from various places, but the report that most outside markets are waiting for will come from the U.S. Federal Reserve on Wednesday, December 16th, as the Fed will decide whether it’s raising U.S. interest rates or not. The Canadian Loonie continues to struggle against the U.S. dollar, dropping below 73 cents on Friday, December 11th, mainly because of speculation surrounding U.S. interest rates and the continued declines in oil prices. For the latter, only 2 other times in history in the futures market have oil prices dropped more aggressively in a matter…

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