{"id":105892,"date":"2024-09-13T00:43:00","date_gmt":"2024-09-12T20:43:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=105892"},"modified":"2024-09-12T23:58:41","modified_gmt":"2024-09-12T19:58:41","slug":"canadian-dollar-stalls-amid-rate-cut-expectations","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/canadian-dollar-stalls-amid-rate-cut-expectations\/09\/13\/market-updates\/","title":{"rendered":"Canadian Dollar Stalls Amid Rate Cut Expectations"},"content":{"rendered":"\n<p>The Canadian Dollar remained relatively unchanged on Thursday, continuing its recent sideways trend. Domestic economic indicators, including a rise in Canadian Building Permits, were overshadowed by the anticipation of a Federal Reserve interest rate cut.<br><br>The U.S. Producer Price Index (PPI) data, while mixed, did not significantly alter market expectations for a rate cut in September. This upcoming monetary policy decision from the Federal Reserve has been a primary driver of the Canadian Dollar&#8217;s recent performance.<br><br>As a result of the rate cut anticipation, the Canadian Dollar weakened against major currencies, including the U.S. Dollar. The market is now focused on the Federal Reserve&#8217;s meeting on September 18th, where a 25-basis-point rate cut is widely expected.<br><br><strong>Technical Factors<br><\/strong><br>The Canadian Dollar&#8217;s exchange rate against the U.S. Dollar (USD\/CAD) is currently trading near the 200-day Exponential Moving Average (EMA) at 1.3623. The 1.3600 level remains a key support area. While there has been a recent upward movement, the pair is expected to continue trading within a range until the Federal Reserve&#8217;s rate decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian Dollar remained relatively unchanged on Thursday, continuing its recent sideways trend. Domestic economic indicators, including a rise in Canadian Building Permits, were overshadowed by the anticipation of a Federal Reserve interest rate cut.The U.S. Producer Price Index (PPI) data, while mixed, did not significantly alter market expectations for a rate cut in September. &hellip;<\/p>\n","protected":false},"author":13,"featured_media":70532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6889,9681,10918],"class_list":["post-105892","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cad","tag-ppi-data","tag-rate-cut-expectations"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/105892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=105892"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/105892\/revisions"}],"predecessor-version":[{"id":105901,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/105892\/revisions\/105901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70532"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=105892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=105892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=105892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}