{"id":65457,"date":"2019-11-11T03:00:04","date_gmt":"2019-11-11T08:00:04","guid":{"rendered":"https:\/\/currencylive.com\/?p=65457"},"modified":"2019-11-11T03:01:23","modified_gmt":"2019-11-11T08:01:23","slug":"101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/","title":{"rendered":"USD\/CAD: US Dollar Holds 1.32 After Softer Canadian Jobs; Trade Headlines Eyed"},"content":{"rendered":"

The US dollar advanced versus the Canadian dollar for a second consecutive week last week. The pair climbed 0.7% to close the week at 1.3229. The pair holding steady in early trade on Monday.<\/p>\n

Let\u2019s take a look at the factors that have been driving the pound US dollar exchange rate across the week.<\/span><\/p>\n\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The US dollar trended higher across the board in the previous week. Strong US service sector data calmed concerns over the health of the US economy and dampened bets for further easing from the Fed. The US manufacturing sector has slumped amid the ongoing US \u2014 China trade dispute. However, there are no signs of this spilling over into the dominant service sector.<\/p>\n

Trade headlines also supported the dollar across the previous week. Reports that the US and China were inching towards signing a trade deal and rolling back already implemented trade tariffs lifted the US dollar.<\/p>\n

Trade news will remain a key driver for the dollar this week. US inflation and Fed Chair Jerome Powell\u2019s testimony before Congress on Wednesday and Thursday will also be watched closely.<\/p>\n

Canada Unexpectedly Loses Jobs<\/strong><\/h3>\n

The Canadian dollar booked substantial losses versus its US dollar rival across last week. Soft Canadian unemployment data exasperated the Canadian dollar\u2019s decline on Friday. 1800 jobs were lost in the country in October, wildly missing the 15,900 jobs that analysts had predicted had been created. The construction and manufacturing sectors were worst hit, although the unemployment rate stayed steady at 5.5%.<\/p>\n

Canadian data was also disappointing in the week with the Ivey PMI falling and building permits also on the decline. Despite the worsening picture, the Canadian central bank has not moved on interest rates since October 2018, even as central banks across the globe have cut rates, including the Federal Reserve. However, in the latest Bank of Canada monetary policy meeting at the end of October, the central bank left the door open to possible future cuts. This weighed on demand for the dollar.<\/p>\n

Finally, the price of oil also acted as a drag on the Loonie at the end of the week. Despite oil reaching a six-week high earlier in the week, oil ended the week with losses following large builds in US crude stockpiles and reports that OPEC would not cut rates further in when they meet in December. The value of the Canadian dollar versus US dollar is directly correlated to the price of oil. When oil declines so too does the Canadian dollar.<\/p>\n

There is no high impacting Canadian data due at the start of the week. Oil prices could drive the Canadian dollar.<\/p>\n

 <\/p>\n

\n
Currencylive.com<\/em> is a news site only and not a currency trading platform.<\/em><\/h6>\n
Currencylive.com is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

The US dollar advanced versus the Canadian dollar for a second consecutive week last week. The pair climbed 0.7% to close the week at 1.3229. The pair holding steady in early trade on Monday. Let\u2019s take a look at the factors that have been driving the pound US dollar exchange rate across the week. The […]<\/p>\n","protected":false},"author":163946597,"featured_media":4149,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[1680,1683,1445,1522,1782,1415,1479,1400,1397,1398],"class_list":{"0":"post-65457","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-usd","9":"tag-cad","10":"tag-canadian-dollar","11":"tag-jerome-powell","12":"tag-oil","13":"tag-opec","14":"tag-trade-dispute","15":"tag-trade-talks","16":"tag-trump","17":"tag-us-dollar","18":"tag-usd"},"acf":[],"yoast_head":"\nUSD\/CAD: US Dollar Holds 1.32 After Softer Canadian Jobs; Trade Headlines Eyed - 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\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD: US Dollar Holds 1.32 After Softer Canadian Jobs; Trade Headlines Eyed\",\"datePublished\":\"2019-11-11T08:00:04+00:00\",\"dateModified\":\"2019-11-11T08:01:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/\"},\"wordCount\":691,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100262-gbp-usd-us-jobs-report.jpg\",\"keywords\":[\"cad\",\"canadian dollar\",\"Jerome Powell\",\"oil\",\"opec\",\"trade dispute\",\"trade talks\",\"trump\",\"us dollar\",\"usd\"],\"articleSection\":[\"CAD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/\",\"name\":\"USD\\\/CAD: US Dollar Holds 1.32 After Softer Canadian Jobs; Trade Headlines Eyed - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100262-gbp-usd-us-jobs-report.jpg\",\"datePublished\":\"2019-11-11T08:00:04+00:00\",\"dateModified\":\"2019-11-11T08:01:23+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100262-gbp-usd-us-jobs-report.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100262-gbp-usd-us-jobs-report.jpg\",\"width\":720,\"height\":400,\"caption\":\"GBP\\\/USD: Brexit Developments and US Jobs Report Could Make For A Volatile Session\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/CAD: US Dollar Holds 1.32 After Softer Canadian Jobs; Trade Headlines Eyed\"}]},{\"@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: US Dollar Holds 1.32 After Softer Canadian Jobs; Trade Headlines Eyed - 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\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/CAD: US Dollar Holds 1.32 After Softer Canadian Jobs; Trade Headlines Eyed","datePublished":"2019-11-11T08:00:04+00:00","dateModified":"2019-11-11T08:01:23+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/"},"wordCount":691,"image":{"@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100262-gbp-usd-us-jobs-report.jpg","keywords":["cad","canadian dollar","Jerome Powell","oil","opec","trade dispute","trade talks","trump","us dollar","usd"],"articleSection":["CAD","USD"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/","url":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/","name":"USD\/CAD: US Dollar Holds 1.32 After Softer Canadian Jobs; Trade Headlines Eyed - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100262-gbp-usd-us-jobs-report.jpg","datePublished":"2019-11-11T08:00:04+00:00","dateModified":"2019-11-11T08:01:23+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100262-gbp-usd-us-jobs-report.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100262-gbp-usd-us-jobs-report.jpg","width":720,"height":400,"caption":"GBP\/USD: Brexit Developments and US Jobs Report Could Make For A Volatile Session"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/101456-usd-cad-us-dollar-holds-1-32-after-softer-canadian-jobs-trade-headlines-eyed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/CAD: US Dollar Holds 1.32 After Softer Canadian Jobs; Trade Headlines Eyed"}]},{"@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\/08\/100262-gbp-usd-us-jobs-report.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/65457","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=65457"}],"version-history":[{"count":4,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/65457\/revisions"}],"predecessor-version":[{"id":65474,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/65457\/revisions\/65474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/4149"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=65457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=65457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=65457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}