{"id":89455,"date":"2023-09-14T20:57:10","date_gmt":"2023-09-14T16:57:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=89455"},"modified":"2023-09-14T21:00:36","modified_gmt":"2023-09-14T17:00:36","slug":"usd-cad-continues-to-decline-on-higher-oil-prices","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-cad-continues-to-decline-on-higher-oil-prices\/09\/14\/market-updates\/","title":{"rendered":"USD\/CAD continues to decline on higher oil prices"},"content":{"rendered":"\n<p>The USD\/CAD exchange rate has lost 1.3515 for the sixth consecutive day, with the US PPI increasing by 1.7% YoY in August. Retail sales were strong, and expectations of a Fed tightening loosened slightly. The number of Jobless Claims for the second week of September was less than anticipated.<br><br>The USD\/CAD exchange rate declined on Thursday, coming close to reaching 1.3510 while losing 0.30%. The strength of the CAD may be explained by increased oil prices, and the USD gauge represented by the DXY index reached new highs near 105.20. <br><br>The US dollar gained momentum after retail sales rose 0.6% MoM in August, exceeding expectations and higher than the previous 0.6%. US Treasury yields increased, with the 2-year note yielding nearly 5%, increasing demand for the US dollar. <br><br>Chances of the Federal Reserve making one final raise in 2023 decreased to around 35% from 40% in previous sessions. The focus now shifts to the decision made next week, with the markets already pricing in a pause.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD\/CAD exchange rate has lost 1.3515 for the sixth consecutive day, with the US PPI increasing by 1.7% YoY in August. Retail sales were strong, and expectations of a Fed tightening loosened slightly. The number of Jobless Claims for the second week of September was less than anticipated.The USD\/CAD exchange rate declined on Thursday, &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":[7002,7015],"class_list":["post-89455","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-retail-sales","tag-usd-cad"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89455","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=89455"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89455\/revisions"}],"predecessor-version":[{"id":89462,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89455\/revisions\/89462"}],"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=89455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=89455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=89455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}