{"id":82573,"date":"2019-11-25T03:46:52","date_gmt":"2019-11-25T08:46:52","guid":{"rendered":"https:\/\/currencylive.com\/?p=82573"},"modified":"2019-11-25T03:28:22","modified_gmt":"2019-11-25T08:28:22","slug":"101581-usd-cad-chinas-olive-branch-weighs-on-dollar","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101581-usd-cad-chinas-olive-branch-weighs-on-dollar\/","title":{"rendered":"USD\/CAD: China\u2019s Olive Branch Weighs On Dollar"},"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%2F82573&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>The US dollar Canadian dollar exchange rate experienced some volatility across the previous week. The US dollar finished the week 0.6% higher versus its Canadian counterpart, ending just shy of 1.3300. The pair is edging lower in early trade on Monday.<\/p>\n<p>The US dollar was in demand across last week, not just versus the Canadian dollar but against most of its peers, thanks to less dovish FOMC minutes, encouraging US data and amid mixed messages over the US \u2014 China trade dispute.<\/p>\n<p>On Friday, both manufacturing and service sector pmi\u2019s beat analysts\u2019 expectations bolstering the outlook for the US economy. The manufacturing pmi increased to 52.2 in November, up from 51.3 in October. The service sector pmi increased to 51.6 in November, up from 50.6 in the previous month. The data helped ease investor concerns over the health of the US economy and supported the Federal Reserve\u2019s stance that the US economy is in recovery mode.<\/p>\n<p>This week investors will look towards US consumer confidence figures on Tuesday ahead of Black Friday. These events should help investors gauge the health of the US consumer.<\/p>\n<p>Trade headlines will remain in focus as investors continue assessing the chance of a phase one trade deal being achieved. Over the weekend China said it will raise penalties for theft of Intellectual Property, a move that is seen as a gesture towards the US, boosting risk appetite weighing on demand for the dollar. President Trump signing into law the bill which supports the human rights of Honk Kong\u2019s pro-democracy protesters could add further complications to progress in trade talks in the near term.<\/p>\n<h3><strong>Loonie Advances As Oil Rallies<\/strong><\/h3>\n<p>Whilst the Canadian dollar had rallied on Thursday last week, following a less dovish tone from Bank of Canada President Stephen Poloz. However, the Loonie was unable to hold onto those gains on Friday following the release of disappointing Canadian retail sales figures. Data showed that headline Canadian retail sales recorded a 0.1% decline for the third consecutive month in September.<\/p>\n<p>The price of oil, one of Canada\u2019s largest exports, eased from a two-month high on Friday. Concerns over a US \u2014 China trade deal being achieved overshadowed market expectations of OPEC extending production cuts. West Texas Intermediate is pushing higher in early trade on Monday offering some support to the Loonie.<\/p>\n<p>The CN Rail strike is also lingering in the background for Canadian dollar investors. Any prolonged strike could have a negative impact on the economy. The strike at Canadian National Railway Co entered its fourth day on Friday, with few signs of an agreement being reached.<\/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%2F82573&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>The US dollar Canadian dollar exchange rate experienced some volatility across the previous week. The US dollar finished the week 0.6% higher versus its Canadian counterpart, ending just shy of 1.3300. The pair is edging lower in early trade on Monday. The US dollar was in demand across last week, not just versus the Canadian [&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":[1680,1683,1522,1415,1479,1431,1400,1397,1398],"class_list":{"0":"post-82573","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-oil","12":"tag-trade-dispute","13":"tag-trade-talks","14":"tag-trade-war","15":"tag-trump","16":"tag-us-dollar","17":"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: China\u2019s Olive Branch Weighs On Dollar - 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\/101581-usd-cad-chinas-olive-branch-weighs-on-dollar\/\" \/>\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\\\/101581-usd-cad-chinas-olive-branch-weighs-on-dollar\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101581-usd-cad-chinas-olive-branch-weighs-on-dollar\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/CAD: China\u2019s Olive Branch Weighs On Dollar\",\"datePublished\":\"2019-11-25T08:46:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101581-usd-cad-chinas-olive-branch-weighs-on-dollar\\\/\"},\"wordCount\":681,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101581-usd-cad-chinas-olive-branch-weighs-on-dollar\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100942-gbp-eur-inflation-data-moves-rate.jpg\",\"keywords\":[\"cad\",\"canadian dollar\",\"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\\\/101581-usd-cad-chinas-olive-branch-weighs-on-dollar\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101581-usd-cad-chinas-olive-branch-weighs-on-dollar\\\/\",\"name\":\"USD\\\/CAD: China\u2019s Olive Branch Weighs On Dollar - 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