{"id":106497,"date":"2020-11-10T15:47:51","date_gmt":"2020-11-10T15:47:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106497"},"modified":"2020-11-10T15:47:51","modified_gmt":"2020-11-10T15:47:51","slug":"104770-usd-cad-holds-mild-gains-above-1-30","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104770-usd-cad-holds-mild-gains-above-1-30\/","title":{"rendered":"USD\/CAD holds mild gains above 1.30"},"content":{"rendered":"<ul>\n<li><strong>USD\/CAD struggles to recover on Tuesday.<\/strong><\/li>\n<li><strong>Crude oil prices rise further extending Monday&#8217;s gains.<\/strong><\/li>\n<li><strong>US Dollar Index struggling around 93.00.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">USD\/CAD declined to an almost 2 year low at 1.2928 on Monday amid surging crude oil prices, which offered a strong lift to the commodity-sensitive CAD. The downward pressure appeared to have eased on Tuesday, although the pair struggles to stage a convincing rebound.\u00a0 USD\/CAD trades +0.08% at 1.3018.<\/span><\/p>\n<p><strong>CAD capitalizes on oil\u2019s rally<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The announcement from Pfizer that its covid vaccine was found to be more-than-90% effective in phase-three trials renewed optimism surrounding a recovery in global energy demand, helping crude oil prices book impressive gains.\u00a0 West Texas Intermediate rallied over 6% on Monday and trades +2% on the day at $40.60.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, risk flows moved US Treasury bond yields sharply higher at the start of the week supporting USD. The US Dollar Index (DXY) pared most of last week&#8217;s losses on Monday, rallying 0.65%. A lack of significant fundamental drivers means DXY is trading quietly around 92.80 ahead of the US session.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">September JOLTS Job Openings is the only release on the US economic calendar Crude oil&#8217;s performance is likely to continue driving the pair&#8217;s movements in the near-term.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD struggles to recover on Tuesday. Crude oil prices rise further extending Monday&#8217;s gains. US Dollar Index struggling around 93.00. USD\/CAD declined to an almost 2 year low at 1.2928 on Monday amid surging crude oil prices, which offered a strong lift to the commodity-sensitive CAD. The downward pressure appeared to have eased on Tuesday, [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82272,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[],"class_list":{"0":"post-106497","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 holds mild gains above 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\/104770-usd-cad-holds-mild-gains-above-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\\\/104770-usd-cad-holds-mild-gains-above-1-30\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104770-usd-cad-holds-mild-gains-above-1-30\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD holds mild gains above 1.30\",\"datePublished\":\"2020-11-10T15:47:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104770-usd-cad-holds-mild-gains-above-1-30\\\/\"},\"wordCount\":202,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104770-usd-cad-holds-mild-gains-above-1-30\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/USD-CAD-Loonie-Consolidation-Phase-Following-2-Days-Gains.jpg\",\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104770-usd-cad-holds-mild-gains-above-1-30\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104770-usd-cad-holds-mild-gains-above-1-30\\\/\",\"name\":\"USD\\\/CAD holds mild gains above 1.30 - 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