{"id":106589,"date":"2020-11-13T17:23:57","date_gmt":"2020-11-13T17:23:57","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106589"},"modified":"2020-11-16T06:36:59","modified_gmt":"2020-11-16T06:36:59","slug":"104806-usd-cad-eases-back-from-weekly-highs","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104806-usd-cad-eases-back-from-weekly-highs\/","title":{"rendered":"USD\/CAD eases back from weekly highs"},"content":{"rendered":"<ul>\n<li><strong>USD\/CAD slipped lower after pushing past 1.3150 on Friday.<\/strong><\/li>\n<li><strong>Declining crude oil prices weigh on CAD .<\/strong><\/li>\n<li><strong>US Dollar Index trades mildly lower 93.00.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After settling on Thursday in the positive territory,\u00a0 USD\/CAD rallied to a weekly high of 1.3170 on Friday but lost momentum USD\/CAD trades- 0.05%\u00a0 at 1.3133.<\/span><\/p>\n<p><strong>Oil rally slows in latter part of week<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">After shooting high at the start of the week, crude oil\u00a0 struggled to advance\u00a0 after OPEC\u00a0 revised its oil demand outlook lower for 2021.\u00a0 West Texas Intermediate declined on Wednesday and Thursday and edges lower today. WTI trades-0.7% at $40.65 but has lifted off its daily low of $40.15.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">US Dollar Index (DXY) failed to close above 93.00 on Thursday remaining on the back foot on Friday. As a result, USD\/CAD struggled to keep in positive territory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The mildly upbeat mood in the market reflected by the 0.7% gain in the S&amp;P 500 futures drags on the safe-haven USD. Currently DXY trades -0.1% at 92.88. Looking ahead Producer Price Index (PPI) for October and the University of Michigan Consumer Sentiment Index for November.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD slipped lower after pushing past 1.3150 on Friday. Declining crude oil prices weigh on CAD . US Dollar Index trades mildly lower 93.00. After settling on Thursday in the positive territory,\u00a0 USD\/CAD rallied to a weekly high of 1.3170 on Friday but lost momentum USD\/CAD trades- 0.05%\u00a0 at 1.3133. Oil rally slows in latter [&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-106589","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 eases back from weekly highs - 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\/104806-usd-cad-eases-back-from-weekly-highs\/\" \/>\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\\\/104806-usd-cad-eases-back-from-weekly-highs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104806-usd-cad-eases-back-from-weekly-highs\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD eases back from weekly highs\",\"datePublished\":\"2020-11-13T17:23:57+00:00\",\"dateModified\":\"2020-11-16T06:36:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104806-usd-cad-eases-back-from-weekly-highs\\\/\"},\"wordCount\":182,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104806-usd-cad-eases-back-from-weekly-highs\\\/#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\\\/104806-usd-cad-eases-back-from-weekly-highs\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104806-usd-cad-eases-back-from-weekly-highs\\\/\",\"name\":\"USD\\\/CAD eases back from weekly highs - 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