{"id":107932,"date":"2021-01-21T19:08:30","date_gmt":"2021-01-21T19:08:30","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107932"},"modified":"2021-01-22T07:24:46","modified_gmt":"2021-01-22T07:24:46","slug":"105278-usd-cad-steadies-after-losses-holds-above-1-26","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105278-usd-cad-steadies-after-losses-holds-above-1-26\/","title":{"rendered":"USD\/CAD steadies after losses, holds above 1.26"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-cad-exchange-rate-today\/\">USD\/CAD<\/a> trades sideways through the mid-European session.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The upbeat market mood dragged on the safe-haven USD limiting the pair\u2019s upside.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">A softer tone surrounding oil prices undermined the CAD limiting deeper losses.<\/span><\/li>\n<\/ul>\n<p><strong>USD\/CAD steadies around 1.26 after sliding overnight to fresh multi-year lows.<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">A combination of diverging forces led to range-bound trading through most of the European session on Thursday. Demand for the US dollar remained depressed in the risk-on environment, limiting gains for USD\/CAD<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Global risk sentiment was boosted by the increasing likelihood of huge US fiscal spending in 2021 under Joe Biden. This comes amid rising optimism over the COVID-19 vaccine rollouts, which also fuels expectations for a strong economic recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Softer crude prices could limit the downside of the commodity-linked CAD. Oil prices were under pressure following a surprise build in US inventories.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">on the hourly chart shows oversold conditions so bearish traders should consider waiting for follow-through selling below the 1.26.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead US Initial Weekly Jobless Claims and housing market data will be in focus along with the Canadian ADP employment report.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD trades sideways through the mid-European session. The upbeat market mood dragged on the safe-haven USD limiting the pair\u2019s upside. A softer tone surrounding oil prices undermined the CAD limiting deeper losses. USD\/CAD steadies around 1.26 after sliding overnight to fresh multi-year lows. A combination of diverging forces led to range-bound trading through most of [&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":[1680,1398],"class_list":["post-107932","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cad","category-usd","tag-cad","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/CAD steadies after losses, holds above 1.26 - 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\/105278-usd-cad-steadies-after-losses-holds-above-1-26\/\" \/>\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\\\/105278-usd-cad-steadies-after-losses-holds-above-1-26\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105278-usd-cad-steadies-after-losses-holds-above-1-26\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD steadies after losses, holds above 1.26\",\"datePublished\":\"2021-01-21T19:08:30+00:00\",\"dateModified\":\"2021-01-22T07:24:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105278-usd-cad-steadies-after-losses-holds-above-1-26\\\/\"},\"wordCount\":186,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105278-usd-cad-steadies-after-losses-holds-above-1-26\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/GBP-CAD-Pound-Stronger-Despite.jpg\",\"keywords\":[\"cad\",\"usd\"],\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105278-usd-cad-steadies-after-losses-holds-above-1-26\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105278-usd-cad-steadies-after-losses-holds-above-1-26\\\/\",\"name\":\"USD\\\/CAD steadies after losses, holds above 1.26 - 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