{"id":82213,"date":"2019-11-18T03:00:57","date_gmt":"2019-11-18T08:00:57","guid":{"rendered":"https:\/\/currencylive.com\/?p=82213"},"modified":"2019-11-18T04:35:21","modified_gmt":"2019-11-18T09:35:21","slug":"101518-usd-cad-safe-haven-dollar-eases-on-trade-hopes","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101518-usd-cad-safe-haven-dollar-eases-on-trade-hopes\/","title":{"rendered":"USD\/CAD: Safe Haven Dollar Eases On Trade Hopes"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82213&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>After advancing for two consecutive weeks, the USD\/CAD exchange rate traded flat last week. The pair ended the week at 1.3223, the same level that it had started the week. The US Dollar is slipping lower versus the Canadian dollar at the star of the new trading week.<\/p>\n<p>The dollar trended broadly lower versus its peers in the latter part of the previous week. The greenback fell out of favour following Federal Reserve Chairman Jerome Powell\u2019s appearance before Congress and amid progress in US \u2014 China trade talks.<\/p>\n<p>Fed Chair Jerome Powell was upbeat over the state of the US economy as he spoke before Congress at the end of last week. Fed Powell is holding the view that the US economy is in recovery. However, the recovery is so slow that policy needs to stay accommodative. The prospect of low rates for longer disappointed dollar investors, dragging the greenback southwards.<\/p>\n<p>Encouraging trade headlines also hit demand for the dollar. White House Adviser Larry Kudlow indicated that the US and China were closing in on a deal. Chinese state media also reported constructive talks over the weekend. \u00a0The headlines have boosted risk appetite, reducing the demand for the safe haven dollar.<\/p>\n<p>The economic calendar is quiet at the beginning of this week. Wednesday sees the release of the minutes to the latest Fed meeting, where the central bank indicated that it was done easing policy.<\/p>\n<h3><strong>Lift In Oil Boosts Canadian Dollar<\/strong><\/h3>\n<p>The Canadian dollar had been trending lower after the Bank of Canada, in its monetary policy meeting at the end of last month, raised expectations that it would cut interest rates amid growing concerns over global trade and uncertainty. Two weeks later and the Canadian dollar is still struggling, although losses appear to have bottomed out for now.<\/p>\n<p>Whilst the Canadian central bank acted as a drag on the Canadian dollar, the price of oil helped underpin the value of the Canadian dollar. Trade deal optimism helped lift oil 0.8% across the previous week which in turn boosted the Canadian dollar. Oil is on the rise in early trade on Monday boosting the Canadian currency.<\/p>\n<p>Investors will now look ahead to Tuesday when BoC official Carolyn Wilkins speaks. Any further comments about cutting rates could unnerve investors.<\/p>\n<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82213&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), 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":"<p>After advancing for two consecutive weeks, the USD\/CAD exchange rate traded flat last week. The pair ended the week at 1.3223, the same level that it had started the week. The US Dollar is slipping lower versus the Canadian dollar at the star of the new trading week. The dollar trended broadly lower versus its [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5436,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1381],"tags":[1706,1680,1683,1408,1438,1522,1415,1479,1431,1400,1397,1398],"class_list":{"0":"post-82213","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-cad","11":"tag-canadian-dollar","12":"tag-fed","13":"tag-federal-reserve","14":"tag-oil","15":"tag-trade-dispute","16":"tag-trade-talks","17":"tag-trade-war","18":"tag-trump","19":"tag-us-dollar","20":"tag-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: Safe Haven Dollar Eases On Trade Hopes - 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\/101518-usd-cad-safe-haven-dollar-eases-on-trade-hopes\/\" \/>\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\\\/101518-usd-cad-safe-haven-dollar-eases-on-trade-hopes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101518-usd-cad-safe-haven-dollar-eases-on-trade-hopes\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD: Safe Haven Dollar Eases On Trade Hopes\",\"datePublished\":\"2019-11-18T08:00:57+00:00\",\"dateModified\":\"2019-11-18T09:35:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101518-usd-cad-safe-haven-dollar-eases-on-trade-hopes\\\/\"},\"wordCount\":632,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101518-usd-cad-safe-haven-dollar-eases-on-trade-hopes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100942-gbp-eur-inflation-data-moves-rate.jpg\",\"keywords\":[\"boc\",\"cad\",\"canadian dollar\",\"fed\",\"federal reserve\",\"oil\",\"trade dispute\",\"trade talks\",\"trade war\",\"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\\\/101518-usd-cad-safe-haven-dollar-eases-on-trade-hopes\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101518-usd-cad-safe-haven-dollar-eases-on-trade-hopes\\\/\",\"name\":\"USD\\\/CAD: Safe Haven Dollar Eases On Trade Hopes - 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