{"id":97557,"date":"2024-02-26T21:19:09","date_gmt":"2024-02-26T17:19:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=97557"},"modified":"2024-02-27T00:23:24","modified_gmt":"2024-02-26T20:23:24","slug":"usd-cad-stuck-near-1-3500-ahead-of-us-durable-goods-gdp","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-cad-stuck-near-1-3500-ahead-of-us-durable-goods-gdp\/02\/26\/market-updates\/","title":{"rendered":"USD\/CAD rises ahead of US Durable Goods, GDP"},"content":{"rendered":"\n<p>The USD\/CAD pair rose +0.09% and is trading at 1.3519 at the time of writing. Earlier on the day, the pair was in a slow drift near the 1.3500 handle, with Canada wholesale trade likely falling 0.6% in January. US New Home Sales rose 1.5% vs 7.2% previous, with Durable Goods data expected on Tuesday. <br><br>The economic calendar is light on Monday, with traders focusing on Tuesday&#8217;s US Durable Goods Orders for January and Wednesday&#8217;s US Gross Domestic Product (GDP) growth for the fourth quarter. Canada is predominantly underrepresented on the economic calendar until Thursday&#8217;s Canadian GDP Q4 performance. <br><br>Canadian wholesale trade likely fell in January, according to market expectations with manufacturing sales likely rising 0.4% monthly. US New Home Sales Change rose 1.5% monthly in January compared to the previous month&#8217;s 7.2%. <br><br>Canada&#8217;s Current Account is expected to record -1.25 billion on Wednesday, while US fourth-quarter GDP growth is forecast to hold steady at 3.3% for the year ended 4Q. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD\/CAD pair rose +0.09% and is trading at 1.3519 at the time of writing. Earlier on the day, the pair was in a slow drift near the 1.3500 handle, with Canada wholesale trade likely falling 0.6% in January. US New Home Sales rose 1.5% vs 7.2% previous, with Durable Goods data expected on Tuesday. &hellip;<\/p>\n","protected":false},"author":13,"featured_media":94221,"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":[194,8367,7015],"class_list":["post-97557","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-gdp","tag-us-dollar","tag-usd-cad"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97557","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=97557"}],"version-history":[{"count":5,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97557\/revisions"}],"predecessor-version":[{"id":97568,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97557\/revisions\/97568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94221"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=97557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=97557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=97557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}