{"id":108781,"date":"2024-11-29T00:51:00","date_gmt":"2024-11-28T20:51:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=108781"},"modified":"2024-11-29T08:53:28","modified_gmt":"2024-11-29T04:53:28","slug":"canadian-dollar-benefits-from-rising-oil-prices","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/canadian-dollar-benefits-from-rising-oil-prices\/11\/29\/market-updates\/","title":{"rendered":"Canadian Dollar Benefits from Rising Oil Prices"},"content":{"rendered":"On Thursday, the USD\/CAD pair declined as the American currency pressured its Canadian counterpart, benefiting from the rise in global oil prices.<br \/><br \/>The pair fell to 1.4015 compared to the previous day&#8217;s close of 1.4030. It reached its highest level on Thursday at 1.4031 and its lowest at 1.3998.<br \/><br \/>Oil prices recovered at the end of Thursday&#8217;s trading, benefiting from the exchange of accusations between Hezbollah and Israel of violating the ceasefire agreement reached by both sides in recent days.<br \/><br \/>Geopolitical tensions and related concerns, particularly affecting financial markets and oil, escalated after Israeli tanks shelled areas in southern Lebanon on Thursday.<br \/><br \/>Oil futures rose to $68.86 per barrel compared to the previous day&#8217;s close of $68.72 per barrel. US crude fell to its lowest level on Thursday at $68.24, compared to its highest level of $69.25.<br \/><br \/>Brent crude rose to $73.17 per barrel, adding 34 cents or 0.5%. It is likely that oil gains were limited due to low market liquidity amid the Thanksgiving holiday.<br \/><br \/>","protected":false},"excerpt":{"rendered":"<p>On Thursday, the USD\/CAD pair declined as the American currency pressured its Canadian counterpart, benefiting from the rise in global oil prices.The pair fell to 1.4015 compared to the previous day&#8217;s close of 1.4030. It reached its highest level on Thursday at 1.4031 and its lowest at 1.3998.Oil prices recovered at the end of Thursday&#8217;s &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61332,"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":[],"class_list":["post-108781","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108781","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=108781"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108781\/revisions"}],"predecessor-version":[{"id":108786,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108781\/revisions\/108786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61332"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=108781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=108781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=108781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}