{"id":169355,"date":"2023-10-06T14:24:46","date_gmt":"2023-10-06T08:54:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=169355"},"modified":"2023-10-06T14:24:46","modified_gmt":"2023-10-06T08:54:46","slug":"usd-cad-is-not-overvalued-at-current-levels-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-cad-is-not-overvalued-at-current-levels-ing-crypto-news\/","title":{"rendered":"USD\/CAD is not overvalued at current levels \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Canadian jobs figures may tilt market pricing towards another <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boc\">BoC<\/a> rate hike, but watch for data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/volatility\">volatility<\/a>, economists at ING report.<\/p>\n<h2 class=\"fxs_headline_medium\">Key jobs figures to steer rate expectations<\/h2>\n<blockquote>\n<p>As it often happens, Canadian jobs figures will be released at the same time as the US ones, and the USD\/CAD reaction will depend on a mix of the two prints.<\/p>\n<\/blockquote>\n<blockquote>\n<p>We think that a jobs report matching consensus would be enough to keep market expectations for more BoC tightening alive. However, data volatility is an issue in Canada, and the chances of a negative read are relatively high.<\/p>\n<\/blockquote>\n<blockquote>\n<p>Unlike previous instances, USD\/CAD isn\u2019t overvalued at current levels, and we would favour any CAD strength on the back of good domestic data against other pro-cyclical currencies as opposed to the USD.<\/p>\n<\/blockquote>\n<p>See \u2013\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/canada-employment-preview-forecasts-from-five-major-banks-job-growth-to-slow-202310060635\">Canada Employment Preview: Forecasts from five major banks, job growth to slow<\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Canadian jobs figures may tilt market pricing towards another BoC rate hike, but watch for data volatility, economists at ING report. Key jobs figures to steer rate expectations As it often happens, Canadian jobs figures will be released at the same time as the US ones, and the USD\/CAD reaction will depend on a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,697,248,496,251,246,257,255,250,1380,252,247,253,249,498,256,254],"class_list":["post-169355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-boc","tag-bsc","tag-canada","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-nfp","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdcad","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=169355"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169355\/revisions"}],"predecessor-version":[{"id":169356,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169355\/revisions\/169356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6917"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=169355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=169355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=169355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}