{"id":175732,"date":"2023-10-17T14:45:02","date_gmt":"2023-10-17T09:15:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175732"},"modified":"2023-10-17T14:45:02","modified_gmt":"2023-10-17T09:15:02","slug":"there-is-some-room-for-a-rebound-in-the-near-term-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/there-is-some-room-for-a-rebound-in-the-near-term-ing-crypto-news\/","title":{"rendered":"There is some room for a rebound in the near term \u2013 ING – Crypto News"},"content":{"rendered":"

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Canada releases inflation figures for September today. Economists at ING analyze USD\/CAD outlook<\/a> ahead of the Consumer Price Index<\/a> (CPI) report.<\/p>\n

BoC might be more tolerant of inflation bumps<\/h2>\n
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Expectations are for no MoM change after the 0.4% August print, which would leave the YoY rate at 4.0%. Core measures are expected to slow down very marginally and stay close to 4.0%.<\/p>\n<\/blockquote>\n

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Market expectations for Bank of Canada tightening have remained high compared to the Fed, with 20 bps priced in for January. The still very tight jobs market argues against having a dovish turn, but there is a good chance that with higher market rates doing the tightening in Canada, the BoC will be more tolerant of bumps in the disinflation path.<\/p>\n<\/blockquote>\n

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Given market pricing, the balance of risks appears tilted to the upside today. USD\/CAD has moved back to the 1.3600 area, but there is some room for a rebound in the near term.<\/p>\n<\/blockquote>\n

See \u2013\u00a0Canada CPI Preview: Forecasts from five major banks, decelerating trend<\/a><\/p>\n

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Share: Canada releases inflation figures for September today. Economists at ING analyze USD\/CAD outlook ahead of the Consumer Price Index (CPI) report. BoC might be more tolerant of inflation bumps Expectations are for no MoM change after the 0.4% August print, which would leave the YoY rate at 4.0%. Core measures are expected to slow […]<\/p>\n","protected":false},"author":2,"featured_media":8177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,697,248,251,246,842,257,255,388,250,252,247,253,249,498,256,254],"class_list":["post-175732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-boc","tag-bsc","tag-chainlink","tag-coin","tag-cpi","tag-cryptocurrency","tag-gta","tag-inflation","tag-looks-rare","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\/175732","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=175732"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175732\/revisions"}],"predecessor-version":[{"id":175733,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175732\/revisions\/175733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8177"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}