{"id":107224,"date":"2024-10-16T23:31:00","date_gmt":"2024-10-16T19:31:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=107224"},"modified":"2024-10-17T03:42:01","modified_gmt":"2024-10-16T23:42:01","slug":"usd-cad-gains-as-fed-rate-cut-expectations-persist","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-cad-gains-as-fed-rate-cut-expectations-persist\/10\/16\/market-updates\/","title":{"rendered":"USD\/CAD Gains as Fed Rate Cut Expectations Persist"},"content":{"rendered":"\n<p>The US Dollar (USD) strengthened against the Canadian Dollar (CAD) on Thursday, with USD\/CAD trading near 1.3755. The market is increasingly betting that the Federal Reserve (Fed) will implement a series of modest interest rate cuts in the coming months.<br><br>The Fed&#8217;s dovish stance, coupled with geopolitical tensions and US election uncertainty, is supporting the USD. Meanwhile, the Canadian Dollar (CAD) is under pressure due to falling oil prices and expectations of a more aggressive rate cut by the Bank of Canada (BoC).<br><br>Fed Rate Cut Expectations: Markets are pricing in a high probability of a 25 basis point Fed rate cut in November.<br>Geopolitical Factors: Middle East tensions and US election uncertainty are bolstering the USD.<br>Falling Oil Prices: Lower oil prices are weighing on the CAD as Canada is a major oil exporter.<br>BoC Rate Cut: The BoC is expected to cut rates by 50 basis points at its next meeting.<br>Overall, the USD is gaining strength against the CAD as investors anticipate a more accommodative monetary policy from the Fed. However, the CAD may face additional downward pressure due to falling oil prices and the BoC&#8217;s expected rate cut.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar (USD) strengthened against the Canadian Dollar (CAD) on Thursday, with USD\/CAD trading near 1.3755. The market is increasingly betting that the Federal Reserve (Fed) will implement a series of modest interest rate cuts in the coming months.The Fed&#8217;s dovish stance, coupled with geopolitical tensions and US election uncertainty, is supporting the USD. &hellip;<\/p>\n","protected":false},"author":13,"featured_media":104240,"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":[38,37,36],"tags":[6932,6885,9822],"class_list":["post-107224","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-boc","tag-fed","tag-retail-sales-data"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107224","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=107224"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107224\/revisions"}],"predecessor-version":[{"id":107232,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107224\/revisions\/107232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/104240"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=107224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=107224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=107224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}