{"id":103150,"date":"2020-08-12T10:02:43","date_gmt":"2020-08-12T09:02:43","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103150"},"modified":"2020-08-12T16:02:00","modified_gmt":"2020-08-12T15:02:00","slug":"103856-usd-cad-up-after-two-down-days-dollar-strength-helps","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103856-usd-cad-up-after-two-down-days-dollar-strength-helps\/","title":{"rendered":"USD\/CAD Up After Two Down-Days, Dollar Strength Helps"},"content":{"rendered":"<ul>\n<li>WTI crude prices outweighed by the dollar strength<\/li>\n<li><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-cad-exchange-rate-today\/\">USD\/CAD<\/a> gains 0.28 Percent<\/li>\n<li>US CPI expected today<\/li>\n<\/ul>\n<p>USD\/CAD was trading strong ahead of the European session, holding onto the gains made in the Asian market opening. The lack of domestic catalysts means the pair will be relying on dollar strength and crude-oil dynamics.<\/p>\n<p>The US dollar strength overshadowed the recent gains in the WTI crude prices &#8211; Canada&#8217;s top export item.<\/p>\n<p>The dollar recovered from a two-year-plus low recently, as the world awaits stimulus as well as vaccine news. The dollar index, reflecting trading against a basket of currencies, is on a four-day winning streak, trading at 93.85 up 0.21 Percent.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-cad-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time USD to CAD exchange rate<\/span><\/a><\/div>\n<p>Even though, the American Congress hasn&#8217;t discussed the COVID-19 relief package; markets are hoping a trillion-plus dollar deal will come into fruition sooner than later. President Trump&#8217;s recent executive orders for unemployment benefits can be considered as a sure sign that he will go to any length to make the deal a possibility. Trump has also cited an agreement with Moderna as a sign of his intentions to overcome the pandemic.<\/p>\n<p>WTI oil prices didn&#8217;t budge even after the weekly inventory eased the previous declines in stock, showing -4.4M draw for the week ending on August 07. The price strength might be because the US-China trade-talks hope got a fillip yesterday on upbeat comments from the People&#8217;s Bank of China&#8217;s (PBOC) Governor Yi Gang, China&#8217;s Vice Foreign Minister.<\/p>\n<p>New Zealand&#8217;s central bank&#8217;s QE didn&#8217;t upset the market sentiment ahead of the July US Consumer Price Index expected later in the day. Inflation is projected at 0.8 Percent, an increase from 0.6 Percent; CPI ex Food &amp; Energy (YoY) is seen at 1.1 Percent down from 1.2 Percent.<\/p>\n<p>Sino-US relations, virus updates, and stimulus package are the other drivers, apart from the inflation data, that traders will be watching for further direction.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">USD Index Today - last 90 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-103188\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WTI crude prices outweighed by the dollar strength USD\/CAD gains 0.28 Percent US CPI expected today USD\/CAD was trading strong ahead of the European session, holding onto the gains made in the Asian market opening. The lack of domestic catalysts means the pair will be relying on dollar strength and crude-oil dynamics. The US dollar [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":82480,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[1869],"class_list":{"0":"post-103150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-usd","9":"tag-usd-cad"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/CAD Up After Two Down-Days, Dollar Strength Helps - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103856-usd-cad-up-after-two-down-days-dollar-strength-helps\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103856-usd-cad-up-after-two-down-days-dollar-strength-helps\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103856-usd-cad-up-after-two-down-days-dollar-strength-helps\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/CAD Up After Two Down-Days, Dollar Strength Helps\",\"datePublished\":\"2020-08-12T09:02:43+00:00\",\"dateModified\":\"2020-08-12T15:02:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103856-usd-cad-up-after-two-down-days-dollar-strength-helps\\\/\"},\"wordCount\":404,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103856-usd-cad-up-after-two-down-days-dollar-strength-helps\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-cad-exchange-forex.jpg\",\"keywords\":[\"usd\\\/cad\"],\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103856-usd-cad-up-after-two-down-days-dollar-strength-helps\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103856-usd-cad-up-after-two-down-days-dollar-strength-helps\\\/\",\"name\":\"USD\\\/CAD Up After Two Down-Days, Dollar Strength Helps - 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