{"id":106035,"date":"2020-10-21T18:37:54","date_gmt":"2020-10-21T17:37:54","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106035"},"modified":"2020-10-22T06:30:22","modified_gmt":"2020-10-22T05:30:22","slug":"104609-retail-sales-could-drag-usd-cad-lower","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/","title":{"rendered":"Retail Sales Could Drag USD\/CAD Lower"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The safe haven US Dollar and Japanese Yen extended losses versus major peers in the Asian session, US fiscal stimulus developments lifted the mood in the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold and silver prices moved mildly higher even as US 10-year Treasuries yields surged above 80 basis points for the first time in over 4 months<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Australia\u2019s ASX 200 gained 0.12% and Japan\u2019s Nikkei 225 index retook 23600\u00a0 as S&amp;P 500 futures climbed higher<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Canadian inflation data for September and speeches from European Central Bank President Christine Lagarde and Federal Reserve Governor Lael Brainard are in focus.<\/span><\/p>\n<p><strong>Retail Sales Data to Drive CAD<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Retail sales and inflation data could drive the Canadian Dollar in the short term. The data comes\u00a0 after the Bank of Canada\u2019s Business Outlook Survey showed that \u201cbusiness sentiment has improved but remains weak across all regions [and] businesses expect the pace of the recovery in their sales to slow\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Surprisingly the Canadian Dollar has outperformed the safe haven USD and JPY\u00a0 despite business sentiment remaining below its average\u201d and manufacturing sales in August dropping 2%<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This could be owing to the recent resilience in oil prices this month, in tandem with the .<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, the cyclically-sensitive currency clawed back losses stemming from when BoC governor Tiff Macklem hinted towards negative interest rates still being a possibility<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That said. the BoC Governor indicated that Canadian policymakers were also becoming more sensitive to the potential impact of negative rates and alternative policies which could mean the central bank hesitates to ease further unless there is a notable deterioration in economic data.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The safe haven US Dollar and Japanese Yen extended losses versus major peers in the Asian session, US fiscal stimulus developments lifted the mood in the market. Gold and silver prices moved mildly higher even as US 10-year Treasuries yields surged above 80 basis points for the first time in over 4 months Australia\u2019s ASX [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":83470,"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-106035","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>Retail Sales Could Drag USD\/CAD Lower - 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\/104609-retail-sales-could-drag-usd-cad-lower\/\" \/>\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\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"Retail Sales Could Drag USD\\\/CAD Lower\",\"datePublished\":\"2020-10-21T17:37:54+00:00\",\"dateModified\":\"2020-10-22T05:30:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/\"},\"wordCount\":264,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/Pound-Stronger-Despite-than-Cad.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\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/\",\"name\":\"Retail Sales Could Drag USD\\\/CAD Lower - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/Pound-Stronger-Despite-than-Cad.jpg\",\"datePublished\":\"2020-10-21T17:37:54+00:00\",\"dateModified\":\"2020-10-22T05:30:22+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/Pound-Stronger-Despite-than-Cad.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/Pound-Stronger-Despite-than-Cad.jpg\",\"width\":1200,\"height\":675,\"caption\":\"canadian-dollar-coins - CAD\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104609-retail-sales-could-drag-usd-cad-lower\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Retail Sales Could Drag USD\\\/CAD Lower\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Retail Sales Could Drag USD\/CAD Lower - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"Retail Sales Could Drag USD\/CAD Lower","datePublished":"2020-10-21T17:37:54+00:00","dateModified":"2020-10-22T05:30:22+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/"},"wordCount":264,"image":{"@id":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/Pound-Stronger-Despite-than-Cad.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\/104609-retail-sales-could-drag-usd-cad-lower\/","url":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/","name":"Retail Sales Could Drag USD\/CAD Lower - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/Pound-Stronger-Despite-than-Cad.jpg","datePublished":"2020-10-21T17:37:54+00:00","dateModified":"2020-10-22T05:30:22+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/Pound-Stronger-Despite-than-Cad.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/Pound-Stronger-Despite-than-Cad.jpg","width":1200,"height":675,"caption":"canadian-dollar-coins - CAD"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104609-retail-sales-could-drag-usd-cad-lower\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"Retail Sales Could Drag USD\/CAD Lower"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/Pound-Stronger-Despite-than-Cad.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=106035"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106035\/revisions"}],"predecessor-version":[{"id":106036,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106035\/revisions\/106036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/83470"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=106035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=106035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=106035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}