{"id":106683,"date":"2020-11-18T21:31:45","date_gmt":"2020-11-18T21:31:45","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106683"},"modified":"2020-11-19T07:45:40","modified_gmt":"2020-11-19T07:45:40","slug":"104839-usd-cad-could-slip-on-positive-inflation-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/","title":{"rendered":"USD\/CAD Could Slip on Positive Inflation Data"},"content":{"rendered":"<ul>\n<li><strong>Japan\u2019s Nikkei tanked in Asian trade as Tokyo readies\u00a0 to tighten covid\u00a0 restrictions.<\/strong><\/li>\n<li><strong>Resilient oil prices and vaccine optimism could underpin the cyclically-sensitive Canadian Dollar.<\/strong><\/li>\n<li><strong>USD\/CAD set to extend\u00a0 downtrend<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Meanwhile Australia\u2019s ASX 200 rallied 0.51% on reports the Australian Prudential Regulation Authority is toying with a cap on bank dividend pay outs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Japan\u2019s Nikkei 225 tanked 1.1% as Tokyo readies to tighten lockdown restriction after recording 493 new daily cases \u2013 a record.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The safe haven US Dollar extended losses versus its major peers. The Japanese Yen nudged marginally higher.<\/span><\/p>\n<p><b>Vaccine Optimism, Resilient Oil Prices Underpin CAD<\/b><\/p>\n<p><span style=\"font-weight: 400;\">a second set of upbeat covid vaccine results combined with resilient crude oil prices could push the CAD higher versus the USD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moderna\u2019s vaccine was found to be 94.5% effective in clinical trials Pfizer and BioNTech was just marginally lower The news has boosted risk sentiment &amp; demand for riskier assets.to the news also underpins crude oil prices amid rising demand concerns as\u00a0 several US states tighten restrictions.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Although correlation is not causation, the positive relationship between oil prices and the Canadian Dollar is certainly one to note. After all, Canada\u2019s most valuable export is crude oil, accounting for $98.5 billion of trade in 2019.<\/span><\/p>\n<p><b>Inflation Data\u00a0 Eyed<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead inflation data could lift the Canadian Dollar further versus Core and headline inflation rates are expected to decline-0.1% lower in October.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, an upbeat reading could minimise the chances of further easing from the Bank of Canada. Previously BoC Governor Tiff Macklem has voiced his concerns regarding the impact of further monetary easing well known.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With this in mind, investors could cheer a premium on the Canadian Dollar if upcoming economic data shows the nation\u2019s recovery is on track.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s Nikkei tanked in Asian trade as Tokyo readies\u00a0 to tighten covid\u00a0 restrictions. Resilient oil prices and vaccine optimism could underpin the cyclically-sensitive Canadian Dollar. USD\/CAD set to extend\u00a0 downtrend Meanwhile Australia\u2019s ASX 200 rallied 0.51% on reports the Australian Prudential Regulation Authority is toying with a cap on bank dividend pay outs. Japan\u2019s Nikkei [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":83552,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[],"class_list":{"0":"post-106683","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 Could Slip on Positive Inflation Data - 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\/104839-usd-cad-could-slip-on-positive-inflation-data\/\" \/>\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\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD Could Slip on Positive Inflation Data\",\"datePublished\":\"2020-11-18T21:31:45+00:00\",\"dateModified\":\"2020-11-19T07:45:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/\"},\"wordCount\":296,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/GBP-CAD-Pound-Stronger-Despite.jpg\",\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/\",\"name\":\"USD\\\/CAD Could Slip on Positive Inflation Data - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/GBP-CAD-Pound-Stronger-Despite.jpg\",\"datePublished\":\"2020-11-18T21:31:45+00:00\",\"dateModified\":\"2020-11-19T07:45:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/GBP-CAD-Pound-Stronger-Despite.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/GBP-CAD-Pound-Stronger-Despite.jpg\",\"width\":1200,\"height\":675,\"caption\":\"cad-bank-notes - CAD\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104839-usd-cad-could-slip-on-positive-inflation-data\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/CAD Could Slip on Positive Inflation Data\"}]},{\"@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":"USD\/CAD Could Slip on Positive Inflation Data - 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\/104839-usd-cad-could-slip-on-positive-inflation-data\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/CAD Could Slip on Positive Inflation Data","datePublished":"2020-11-18T21:31:45+00:00","dateModified":"2020-11-19T07:45:40+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/"},"wordCount":296,"image":{"@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/GBP-CAD-Pound-Stronger-Despite.jpg","articleSection":["CAD","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/","url":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/","name":"USD\/CAD Could Slip on Positive Inflation Data - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/GBP-CAD-Pound-Stronger-Despite.jpg","datePublished":"2020-11-18T21:31:45+00:00","dateModified":"2020-11-19T07:45:40+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/GBP-CAD-Pound-Stronger-Despite.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/GBP-CAD-Pound-Stronger-Despite.jpg","width":1200,"height":675,"caption":"cad-bank-notes - CAD"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104839-usd-cad-could-slip-on-positive-inflation-data\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/CAD Could Slip on Positive Inflation Data"}]},{"@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\/GBP-CAD-Pound-Stronger-Despite.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106683","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=106683"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106683\/revisions"}],"predecessor-version":[{"id":106684,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/106683\/revisions\/106684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/83552"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=106683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=106683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=106683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}