{"id":105423,"date":"2020-09-29T19:58:35","date_gmt":"2020-09-29T18:58:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105423"},"modified":"2020-09-30T05:39:45","modified_gmt":"2020-09-30T04:39:45","slug":"104500-usd-cad-close-to-intraday-low-at-1-3350","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104500-usd-cad-close-to-intraday-low-at-1-3350\/","title":{"rendered":"USD\/CAD close to intraday low at 1.3350"},"content":{"rendered":"<ul>\n<li><strong>USD\/CAD extends losses for second session as USD weakens<\/strong><\/li>\n<li><strong>Losses could be capped by weaker oil prices, at least for now.<\/strong><\/li>\n<li><strong>US Consumer Confidence in focus before the first US presidential debate.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The USD\/CAD slipped 30-35 pips from daily high and declined to the lower end of the daily traded range, close to 1.3355.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Failing to capitalise on an early move higher, USD\/CAD experienced a pullback from 1.3400 moving lower for a second straight session. The move southwards stemmed from US Dollar weakness.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Weakness in US Treasury bond yields dragged on the US Dollar. Concerns over rising coronavirus infections and US political uncertainty boost USD safe-haven inflows.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Anxieties that raising covid numbers could lead to stricter lockdown conditions threatening the rapid recovery of fuel demand and dragging on the price of oil. This could undermine demand for the commodity-linked currency \u2013 the loonie \u2013 limiting the downside for the USD\/CAD pair.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Technically, USD\/CAD trades comfortably in a four-day-old trading range, meaning\u00a0 that waiting for follow through action could be useful.before setting up for a meaningful slide, as caution seeps in ahead of the Biden Trump debate later today..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prior to the debate is the US Consumer Confidence Index and FOMC member speeches which could drive movement in the USD.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD extends losses for second session as USD weakens Losses could be capped by weaker oil prices, at least for now. US Consumer Confidence in focus before the first US presidential debate. The USD\/CAD slipped 30-35 pips from daily high and declined to the lower end of the daily traded range, close to 1.3355. Failing [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":83552,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[1680,1398,1869],"class_list":{"0":"post-105423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-usd","9":"tag-cad","10":"tag-usd","11":"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 close to intraday low at 1.3350 - 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\/104500-usd-cad-close-to-intraday-low-at-1-3350\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104500-usd-cad-close-to-intraday-low-at-1-3350\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104500-usd-cad-close-to-intraday-low-at-1-3350\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD close to intraday low at 1.3350\",\"datePublished\":\"2020-09-29T18:58:35+00:00\",\"dateModified\":\"2020-09-30T04:39:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104500-usd-cad-close-to-intraday-low-at-1-3350\\\/\"},\"wordCount\":219,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104500-usd-cad-close-to-intraday-low-at-1-3350\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/GBP-CAD-Pound-Stronger-Despite.jpg\",\"keywords\":[\"cad\",\"usd\",\"usd\\\/cad\"],\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104500-usd-cad-close-to-intraday-low-at-1-3350\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104500-usd-cad-close-to-intraday-low-at-1-3350\\\/\",\"name\":\"USD\\\/CAD close to intraday low at 1.3350 - 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