{"id":107089,"date":"2020-12-08T08:33:39","date_gmt":"2020-12-08T08:33:39","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107089"},"modified":"2020-12-08T08:35:07","modified_gmt":"2020-12-08T08:35:07","slug":"104989-usd-cad-outlook-no-major-moves-expected-until-boc","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/","title":{"rendered":"USD\/CAD Outlook: No Major Moves Expected Until BoC"},"content":{"rendered":"<ul>\n<li>Oil prices drag CAD.<\/li>\n<li>Corona supports USD, while stimulus hope weighs on it.<\/li>\n<li>Oversold conditions help ward-off selling in USD\/CAD.<\/li>\n<\/ul>\n<p>USD\/CAD trades slightly in the red without attracting much bearish pressure as weak oil-prices, firm US-treasury-yields and pandemic worries lend support to the pair.<\/p>\n<p>The paid trades near the lower end of its daily range today, slipping below 1.2800.<\/p>\n<p>The overnight recovery move from the lowest level since April 2018 met with fresh selling today right from the start of the session. The prime reason for the current slide, despite bond yields, is the progress towards more US fiscal stimulus measures.<\/p>\n<p>The pandemic worries help the safe-haven appeal of the dollar, thus underpinning the USD\/CAD along with weak oil prices weighing on the CAD.<\/p>\n<p>The pair&#8217;s inability to sustain recovery moves indicate further bearishness ahead. Even so, the short-term oversold conditions warrant some caution from bearish traders.<\/p>\n<p>The US and Canada economic dockets are light today, and hence the broad market sentiment could drive the action in the day ahead. The BoC monetary meeting tomorrow will be a major event to look forward to this week.<\/p>\n<p>At the time of writing, one US dollar buys 1.2794 Canadian dollars, slightly down -0.02% as of 8:30 AM UTC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices drag CAD. Corona supports USD, while stimulus hope weighs on it. Oversold conditions help ward-off selling in USD\/CAD. USD\/CAD trades slightly in the red without attracting much bearish pressure as weak oil-prices, firm US-treasury-yields and pandemic worries lend support to the pair. The paid trades near the lower end of its daily range [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":4011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[1706,1683,1522,3009,1869],"class_list":{"0":"post-107089","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-usd","9":"tag-boc","10":"tag-canadian-dollar","11":"tag-oil","12":"tag-us-fiscal-stimulus","13":"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>USD\/CAD Outlook: No Major Moves Expected Until BoC - 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\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\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\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/CAD Outlook: No Major Moves Expected Until BoC\",\"datePublished\":\"2020-12-08T08:33:39+00:00\",\"dateModified\":\"2020-12-08T08:35:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/\"},\"wordCount\":214,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100193-gbp-eur-central-banks.jpg\",\"keywords\":[\"boc\",\"canadian dollar\",\"oil\",\"US fiscal stimulus\",\"usd\\\/cad\"],\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/\",\"name\":\"USD\\\/CAD Outlook: No Major Moves Expected Until BoC - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100193-gbp-eur-central-banks.jpg\",\"datePublished\":\"2020-12-08T08:33:39+00:00\",\"dateModified\":\"2020-12-08T08:35:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100193-gbp-eur-central-banks.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100193-gbp-eur-central-banks.jpg\",\"width\":725,\"height\":400,\"caption\":\"Pound vs Euro to be Driven by Politics & Central Banks In The Week Ahead\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/CAD Outlook: No Major Moves Expected Until BoC\"}]},{\"@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\\\/c83637dd6dc82bcaadbc8b6c994d1186\",\"name\":\"Stelian Olar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"caption\":\"Stelian Olar\"},\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/stelian-olar\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/CAD Outlook: No Major Moves Expected Until BoC - 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\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/","twitter_misc":{"Written by":"Stelian Olar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/"},"author":{"name":"Stelian Olar","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186"},"headline":"USD\/CAD Outlook: No Major Moves Expected Until BoC","datePublished":"2020-12-08T08:33:39+00:00","dateModified":"2020-12-08T08:35:07+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/"},"wordCount":214,"image":{"@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100193-gbp-eur-central-banks.jpg","keywords":["boc","canadian dollar","oil","US fiscal stimulus","usd\/cad"],"articleSection":["CAD","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/","url":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/","name":"USD\/CAD Outlook: No Major Moves Expected Until BoC - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100193-gbp-eur-central-banks.jpg","datePublished":"2020-12-08T08:33:39+00:00","dateModified":"2020-12-08T08:35:07+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100193-gbp-eur-central-banks.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100193-gbp-eur-central-banks.jpg","width":725,"height":400,"caption":"Pound vs Euro to be Driven by Politics & Central Banks In The Week Ahead"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104989-usd-cad-outlook-no-major-moves-expected-until-boc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/CAD Outlook: No Major Moves Expected Until BoC"}]},{"@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\/c83637dd6dc82bcaadbc8b6c994d1186","name":"Stelian Olar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","caption":"Stelian Olar"},"url":"https:\/\/currencylive.com\/news\/author\/stelian-olar\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100193-gbp-eur-central-banks.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/107089","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\/163946612"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=107089"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/107089\/revisions"}],"predecessor-version":[{"id":107090,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/107089\/revisions\/107090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/4011"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=107089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=107089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=107089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}