{"id":54788,"date":"2021-11-15T19:30:14","date_gmt":"2021-11-15T15:30:14","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=54788"},"modified":"2021-11-15T19:30:18","modified_gmt":"2021-11-15T15:30:18","slug":"usd-cad-slumps-as-t-bond-yields-fall","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-cad-slumps-as-t-bond-yields-fall\/11\/15\/market-updates\/","title":{"rendered":"USD\/CAD slumps as T-bond yields fall"},"content":{"rendered":"\n<p>After reaching four-week highs, the USD\/CAD pair has slumped for the second successive session down 0.18%, the pair is now trading at 1.2524 during on Monday.<br><br>The fall is mainly driven by US dollar\u2019s current weakness, caused by a weaker than expected University of Michigan consumer sentiment that plummeted to a 10-year low in November amid concerns about the pace of elevated prices.<br><br>The fall of the U. S. bond yields weighed on demand for the US dollar, which is on defensive mode as the week begins.<br><br>Speculations are mounting that U. S. President Joe Biden will release supplies from the Strategic Petroleum Reserve (SPR), which could weigh on the oil-commodity-linked Canadian dollar, that could lift the prospects of the USD\/CAD pair.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After reaching four-week highs, the USD\/CAD pair has slumped for the second successive session down 0.18%, the pair is now trading at 1.2524 during on Monday.The fall is mainly driven by US dollar\u2019s current weakness, caused by a weaker than expected University of Michigan consumer sentiment that plummeted to a 10-year low in November amid &hellip;<\/p>\n","protected":false},"author":13,"featured_media":51601,"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":[6889,6846,8024,6984,6871],"class_list":["post-54788","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cad","tag-oil","tag-oil-reserves","tag-treasury-yields","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54788","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=54788"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54788\/revisions"}],"predecessor-version":[{"id":54835,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54788\/revisions\/54835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51601"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=54788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=54788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=54788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}