{"id":106463,"date":"2020-11-09T16:35:35","date_gmt":"2020-11-09T16:35:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106463"},"modified":"2020-11-09T16:35:35","modified_gmt":"2020-11-09T16:35:35","slug":"104759-usd-cad-plunges-to-10-month-low-sub-1-30","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104759-usd-cad-plunges-to-10-month-low-sub-1-30\/","title":{"rendered":"USD\/CAD plunges to 10-month low sub 1.30"},"content":{"rendered":"<ul>\n<li><strong>USD\/CAD tanks on soaring crude oil prices.<\/strong><\/li>\n<li><strong>WTI surges over 8%, trades above $40.<\/strong><\/li>\n<li><strong>US Dollar Index remains below 93.50.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">USD\/CAD was pressurised sending it to levels not seen since early January at 1.2965. Currently, USD\/CAD trades -0.6%\u00a0 at 1.2975.<\/span><\/p>\n<p><strong>Oil rallies on covid vaccine optimism<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Drug maker Pfizer announced\u00a0 that its l COVID-19 vaccine candidate in the Phase 3 trials\u00a0 showed that it prevents 90% of infections with no serious safety concerns. Crude oil prices shot higher, helping commodity-related CAD gain strength against its rivals. Currently, West Texas Intermediate (WTI) trades up 8.3% on the day at $40.50.<\/span><\/p>\n<p><strong>Pfizer says covid vaccine 90% effective, equities jump, dollar declines<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, US Dollar Index is seeing\u00a0 small daily gains at 92.30.The risk-on market environment appears to be lifting US stocks futures, suggesting Wall Street&#8217;s main indexes could rally hard on the open. If risk flows dominate in the US session, the greenback could struggle to keep its head above water. S&amp;P 500 futures are up 3.8% on the day.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD tanks on soaring crude oil prices. WTI surges over 8%, trades above $40. US Dollar Index remains below 93.50. USD\/CAD was pressurised sending it to levels not seen since early January at 1.2965. Currently, USD\/CAD trades -0.6%\u00a0 at 1.2975. Oil rallies on covid vaccine optimism Drug maker Pfizer announced\u00a0 that its l COVID-19 vaccine [&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":[],"class_list":{"0":"post-106463","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-usd"},"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 plunges to 10-month low sub 1.30 - 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\/104759-usd-cad-plunges-to-10-month-low-sub-1-30\/\" \/>\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\\\/104759-usd-cad-plunges-to-10-month-low-sub-1-30\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104759-usd-cad-plunges-to-10-month-low-sub-1-30\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD plunges to 10-month low sub 1.30\",\"datePublished\":\"2020-11-09T16:35:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104759-usd-cad-plunges-to-10-month-low-sub-1-30\\\/\"},\"wordCount\":170,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104759-usd-cad-plunges-to-10-month-low-sub-1-30\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-cad-exchange-forex.jpg\",\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104759-usd-cad-plunges-to-10-month-low-sub-1-30\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104759-usd-cad-plunges-to-10-month-low-sub-1-30\\\/\",\"name\":\"USD\\\/CAD plunges to 10-month low sub 1.30 - 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