{"id":107111,"date":"2020-12-09T08:25:57","date_gmt":"2020-12-09T08:25:57","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107111"},"modified":"2020-12-09T08:27:09","modified_gmt":"2020-12-09T08:27:09","slug":"104100-usd-cad-hit-by-greenback-selling-pause-for-boc","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104100-usd-cad-hit-by-greenback-selling-pause-for-boc\/","title":{"rendered":"USD\/CAD Hit By Greenback Selling, Pause For BoC"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">Firm Treasury yields fail to lend support to the USD.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The oil-price decline couldn&#8217;t stem the USD\/CAD selling.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Canadian monetary policy eyed.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">USD\/CAD trades just below 1.2800, near its daily lows after continued weakness throughout the Asian session.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Today&#8217;s selling comes after a recovery attempt yesterday when the pair recouped 55-60 basis points from the lowest levels since April 2018. Bears are in control today after being in the back foot for two days, helped by a soft US dollar.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The risk-on mood in the global markets continued: the recent developments surrounding the vaccine hit the greenback demand along with the pressure from US fiscal stimulus hopes.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The weakness in the US dollar even when US Treasury yields are firm indicate the bearish weight on the haven-linked currency. The crude-oil price softness should have propped up USD\/CAD, but that also didn&#8217;t materialise.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Traders eye the BoC monetary policy later today, and hence the pair might not see much further weakness until then.<\/span><\/p>\n<p>At the time of writing, one US dollar buys 1.2793 Canadian dollars, down -0.19% as of 8:22 AM UTC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Firm Treasury yields fail to lend support to the USD. The oil-price decline couldn&#8217;t stem the USD\/CAD selling. Canadian monetary policy eyed. USD\/CAD trades just below 1.2800, near its daily lows after continued weakness throughout the Asian session. Today&#8217;s selling comes after a recovery attempt yesterday when the pair recouped 55-60 basis points from the [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":82843,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[1706,1522,1397,1869],"class_list":{"0":"post-107111","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-oil","11":"tag-us-dollar","12":"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 Hit By Greenback Selling, Pause For 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\/104100-usd-cad-hit-by-greenback-selling-pause-for-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\\\/104100-usd-cad-hit-by-greenback-selling-pause-for-boc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104100-usd-cad-hit-by-greenback-selling-pause-for-boc\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/CAD Hit By Greenback Selling, Pause For BoC\",\"datePublished\":\"2020-12-09T08:25:57+00:00\",\"dateModified\":\"2020-12-09T08:27:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104100-usd-cad-hit-by-greenback-selling-pause-for-boc\\\/\"},\"wordCount\":189,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104100-usd-cad-hit-by-greenback-selling-pause-for-boc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/canadian-dollar-exchange-rates.jpg\",\"keywords\":[\"boc\",\"oil\",\"us dollar\",\"usd\\\/cad\"],\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104100-usd-cad-hit-by-greenback-selling-pause-for-boc\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104100-usd-cad-hit-by-greenback-selling-pause-for-boc\\\/\",\"name\":\"USD\\\/CAD Hit By Greenback Selling, Pause For BoC - 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