{"id":105425,"date":"2020-09-29T22:06:54","date_gmt":"2020-09-29T21:06:54","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105425"},"modified":"2020-09-30T05:40:15","modified_gmt":"2020-09-30T04:40:15","slug":"104501-usd-cad-trades-under-1-32-amid-wti-weakness-covid-concerns-in-canada","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104501-usd-cad-trades-under-1-32-amid-wti-weakness-covid-concerns-in-canada\/","title":{"rendered":"USD\/CAD trades under 1.32 amid WTI weakness, covid concerns in Canada"},"content":{"rendered":"<ul>\n<li><strong>USD\/CAD slides from daily high of 1.3384 after a weak performance the previous session.<\/strong><\/li>\n<li><strong>Quebec City and Montreal will see lock down restrictions tighten from October 01.<\/strong><\/li>\n<li><strong>WTI declines on demand fears.<\/strong><\/li>\n<li><strong>US Presidential Election debate, Fedspeak and covid news could provide fresh direction<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">USD\/CAD slips to1.3375 heading towards the European open on Tuesday. The pair performed a U-turn after hitting an intraday high, as the US dollar eased back in early-Asian trading. Still, softer oil prices, Canada\u2019s largest export, and a resurgence of covid in Quebec is keeping USD\/CAD bulls optimistic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A jump of 750+ new daily covid cases, pushed Authorities in Quebec to announce tighter restrictions to stem the spread of the virus in Quebec City and Montreal. Bars, casinos, restaurants, Museums and Libraries will be shut under the new restrictions, whilst guests at home will also be banned<\/span><\/p>\n<p><span style=\"font-weight: 400;\">WTI reported -0.55%\u00a0 loss, around $40.45, amid China\u2019s inability to meet the Sino-American trade deal targets and\u00a0 the World Bank\u2019s downbeat economic projections, which could lead to a reduction in the global demand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">US Dollar index (DXY) held steady after selling off in the previous session amid rising optimism of further stimulus from American and the European Central Bank (ECB).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">US stock futures are trading mildly higher and Asian markets are also on the front foot\u00a0 US 10-year Treasury yields remain lackluster around 0.66%<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is no Canadian macro data due to be released today .A slew of Fed speakers and the US Trump vs Biden debate could drive direction in the near term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD slides from daily high of 1.3384 after a weak performance the previous session. Quebec City and Montreal will see lock down restrictions tighten from October 01. WTI declines on demand fears. US Presidential Election debate, Fedspeak and covid news could provide fresh direction USD\/CAD slips to1.3375 heading towards the European open on Tuesday. The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82480,"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-105425","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 trades under 1.32 amid WTI weakness, covid concerns in Canada - 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\/104501-usd-cad-trades-under-1-32-amid-wti-weakness-covid-concerns-in-canada\/\" \/>\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\\\/104501-usd-cad-trades-under-1-32-amid-wti-weakness-covid-concerns-in-canada\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104501-usd-cad-trades-under-1-32-amid-wti-weakness-covid-concerns-in-canada\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD trades under 1.32 amid WTI weakness, covid concerns in Canada\",\"datePublished\":\"2020-09-29T21:06:54+00:00\",\"dateModified\":\"2020-09-30T04:40:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104501-usd-cad-trades-under-1-32-amid-wti-weakness-covid-concerns-in-canada\\\/\"},\"wordCount\":268,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104501-usd-cad-trades-under-1-32-amid-wti-weakness-covid-concerns-in-canada\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-cad-exchange-forex.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\\\/104501-usd-cad-trades-under-1-32-amid-wti-weakness-covid-concerns-in-canada\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104501-usd-cad-trades-under-1-32-amid-wti-weakness-covid-concerns-in-canada\\\/\",\"name\":\"USD\\\/CAD trades under 1.32 amid WTI weakness, covid concerns in Canada - 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