{"id":111905,"date":"2025-02-15T01:47:00","date_gmt":"2025-02-14T21:47:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111905"},"modified":"2025-02-15T00:48:52","modified_gmt":"2025-02-14T20:48:52","slug":"cad-edges-higher-following-usds-decline","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/cad-edges-higher-following-usds-decline\/02\/15\/market-updates\/","title":{"rendered":"CAD Edges Higher Following USD\u2019s Decline"},"content":{"rendered":"The Canadian dollar edged higher against the US dollar on Friday, gaining 0.18%. This rise comes as US dollar demand cooled, fueled by weaker-than-expected US retail sales figures for January. While the decline in retail sales wasn&#8217;t enough to fully dampen investor risk appetite, it did weaken the US dollar. The DXY Index points to 106.77; down -0.27% at the time of writing.  <br \/><br \/>Canada had a quiet week on the economic front, but all eyes are now on next Tuesday&#8217;s Canadian Consumer Price Index (CPI) release. The US retail sales contraction of 0.9% in January significantly missed the projected 0.1% decline. Although December&#8217;s figures were revised upward, the January drop still impacted the US dollar. Conversely, US Industrial Production, while beating forecasts, still showed a decline. Despite this mixed bag of data, positive revisions to previous figures are keeping market sentiment generally positive.<br \/>The Canadian dollar&#8217;s modest gains mark its fourth consecutive session of appreciation against the US dollar. However, bullish momentum remains weak. USD\/CAD has dipped below the 50-day EMA around 1.4280, but strong support is expected at the 200-day EMA, just below 1.4000.<br \/>","protected":false},"excerpt":{"rendered":"<p>The Canadian dollar edged higher against the US dollar on Friday, gaining 0.18%. This rise comes as US dollar demand cooled, fueled by weaker-than-expected US retail sales figures for January. While the decline in retail sales wasn&#8217;t enough to fully dampen investor risk appetite, it did weaken the US dollar. The DXY Index points to &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":[],"class_list":["post-111905","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111905","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=111905"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111905\/revisions"}],"predecessor-version":[{"id":111911,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111905\/revisions\/111911"}],"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=111905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}