{"id":24757,"date":"2023-11-13T07:41:30","date_gmt":"2023-11-13T07:41:30","guid":{"rendered":"https:\/\/www.xtreamforex.com\/?p=24757"},"modified":"2024-02-20T08:31:27","modified_gmt":"2024-02-20T08:31:27","slug":"usd-cad-holds-above-1-3800-amid-falling-oil-prices","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/","title":{"rendered":"USD\/CAD Holds Above 1.3800 Amid Falling Oil Prices"},"content":{"rendered":"<h1><span style=\"font-weight: 400;\"><strong>USD\/CAD Holds Above 1.3800 Amid Falling Oil Prices<\/strong><\/span><\/h1>\n<p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/www.xtrememarkets.com\/US\/\"><strong>USD\/CAD<\/strong><\/a> currency pair has shown resilience, maintaining its strong stance above the 1.3800 level as crude oil prices experience a downturn. The pairing saw a rebound from the losses it suffered last Friday, climbing to a value around 1.3810 in the Monday Asian trading session. This upswing for the Canadian Dollar (CAD) follows a session of gains bolstered by an initial rise in crude oil prices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, a reversal in this trend emerged as West Texas Intermediate (WTI) crude oil prices retracted, dipping below the $76.50 mark. The pullback in oil prices can be attributed to the renewed anxieties over a potential slump in demand from two of the world&#8217;s largest economies, the United States and China. These concerns have cast a pall over market sentiment, affecting the dynamics of the oil market. With China being a significant oil importer, the country&#8217;s reported annual drop in inflation in October has sparked fears that global growth could be stifled, subsequently influencing crude oil demand negatively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the front of the United States Dollar (USD), the currency did not find support from the unexpected hawkish comments by Federal Reserve (Fed) Chair Jerome Powell. Powell expressed concern over the current policy measures not being stringent enough to reduce inflation to the Fed&#8217;s ideal rate of 2.0%. As a result, the USD has been caught in a state of uncertainty.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The US Dollar Index (DXY), an indicator of the USD&#8217;s strength against a basket of currencies, appears to be caught in stasis, lacking a clear directional impetus and hovering around the 105.80 mark. The index was subjected to pressure following the release of disappointing preliminary US Michigan Consumer Sentiment data on Friday, which showed a decrease in consumer confidence from 63.8 the previous month to 60.4 in November.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, there is a silver lining for the USD in the form of rising US Treasury yields, which could lend some upward momentum to the currency. The yield on the 10-year US bond has seen an increase to 4.65%, up by 0.13% at the time of reporting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Market participants are now turning their attention to the upcoming release of the US Consumer Price Index (CPI), a critical indicator of inflation, due on Tuesday. Meanwhile, the Canadian economic calendar is set to present less influential data, with figures on Wholesale Sales and Industrial Product Price expected to be disclosed throughout the week. The interplay between these economic indicators and market sentiment is likely to guide the USD\/CAD pair&#8217;s movements in the days to come.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD Holds Above 1.3800 Amid Falling Oil Prices The USD\/CAD currency pair has shown resilience, maintaining its strong stance above the 1.3800 level as crude oil prices experience a downturn. The pairing saw a rebound from the losses it suffered last Friday, climbing to a value around 1.3810 in the Monday Asian trading session. This<\/p>\n... <a href=\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/\">continue reading<\/a>.","protected":false},"author":1,"featured_media":24758,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[251,195,25,19,24,300,201],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>USD\/CAD Holds Above 1.3800 Amid Falling Oil Prices<\/title>\r\n<meta name=\"description\" content=\"The USD\/CAD currency pair has shown resilience, maintaining its strong stance above the 1.3800 level as crude oil prices experience .\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"USD\/CAD Holds Above 1.3800 Amid Falling Oil Prices\" \/>\r\n<meta property=\"og:description\" content=\"The USD\/CAD currency pair has shown resilience, maintaining its strong stance above the 1.3800 level as crude oil prices experience .\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Xtreme Markets\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/xtreamforex.official\/\" \/>\r\n<meta property=\"article:published_time\" content=\"2023-11-13T07:41:30+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2024-02-20T08:31:27+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2023\/11\/1.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\r\n\t<meta property=\"og:image:height\" content=\"628\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@xtreamforex\" \/>\r\n<meta name=\"twitter:site\" content=\"@xtreamforex\" \/>\r\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\",\"name\":\"Xtreamforex\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/xtreamforex.official\/\",\"https:\/\/www.instagram.com\/xtreamforex.official\/\",\"https:\/\/in.linkedin.com\/company\/xtream-forex\",\"https:\/\/www.youtube.com\/channel\/UCbbTuJV9XhurjZciRLdvFBg\",\"https:\/\/www.pinterest.com\/xtreamforex_trading\/\",\"https:\/\/twitter.com\/xtreamforex\"],\"logo\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#local-main-organization-logo\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#website\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"name\":\"Xtreme Markets\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.xtrememarkets.com\/US\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2023\/11\/1.png\",\"contentUrl\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2023\/11\/1.png\",\"width\":1200,\"height\":628,\"caption\":\"USD\/CAD\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#webpage\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/\",\"name\":\"USD\/CAD Holds Above 1.3800 Amid Falling Oil Prices\",\"isPartOf\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#primaryimage\"},\"datePublished\":\"2023-11-13T07:41:30+00:00\",\"dateModified\":\"2024-02-20T08:31:27+00:00\",\"description\":\"The USD\/CAD currency pair has shown resilience, maintaining its strong stance above the 1.3800 level as crude oil prices experience .\",\"breadcrumb\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/\",\"name\":\"USD\/CAD Holds Above 1.3800 Amid Falling Oil Prices\"}}]},{\"@type\":[\"Article\",\"NewsArticle\"],\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#webpage\"},\"author\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#\/schema\/person\/7174bacf55d9f2c6a7277328b874a5b0\"},\"headline\":\"USD\/CAD Holds Above 1.3800 Amid Falling Oil Prices\",\"datePublished\":\"2023-11-13T07:41:30+00:00\",\"dateModified\":\"2024-02-20T08:31:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#primaryimage\"},\"keywords\":\"Canadian dollar,daily forex market news,dollar,forex,Forex NEWS,USD\/CAD,xtreamforex\",\"articleSection\":\"Forex News\",\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#\/schema\/person\/7174bacf55d9f2c6a7277328b874a5b0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2e3f4cb7720cd513c664cc42f8ca1461?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2e3f4cb7720cd513c664cc42f8ca1461?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/localhost\/xtreamforex\"]},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/usd-cad-holds-above-1-3800-amid-falling-oil-prices\/#local-main-organization-logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/02\/image_2024_02_23T12_39_46_331Z.png\",\"contentUrl\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/02\/image_2024_02_23T12_39_46_331Z.png\",\"width\":800,\"height\":500,\"caption\":\"Xtreamforex\"}]}<\/script>\r\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts\/24757"}],"collection":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/comments?post=24757"}],"version-history":[{"count":1,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts\/24757\/revisions"}],"predecessor-version":[{"id":24759,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts\/24757\/revisions\/24759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/media\/24758"}],"wp:attachment":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/media?parent=24757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/categories?post=24757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/tags?post=24757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}