{"id":176601,"date":"2023-10-18T18:50:45","date_gmt":"2023-10-18T13:20:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176601"},"modified":"2023-10-18T18:50:45","modified_gmt":"2023-10-18T13:20:45","slug":"more-choppy-range-trade-in-the-short-run-looks-likely-scotiabank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/more-choppy-range-trade-in-the-short-run-looks-likely-scotiabank-crypto-news\/","title":{"rendered":"More choppy range trade in the short run looks likely \u2013 Scotiabank – Crypto News"},"content":{"rendered":"

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The CAD dumped \u2013 but only briefly \u2013 before returning to the low 1.36s where it was before Tuesday\u2019s data reports. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes Loonie\u2019s outlook<\/a>.<\/p>\n

The data mix could not have been worse for the CAD<\/h2>\n
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The data mix could not have been worse for the CAD on Tuesday \u2013 the Canadian CPI print came in below forecasts and US data generally bettered expectations across the board.\u00a0<\/p>\n<\/blockquote>\n

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The September CPI results reduce the risk of near-term tightening and set the bar quite high for any additional tightening moves for the moment. But the threat of tighter policy is not entirely extinguished, given elevated wage growth and inflation expectations here.\u00a0<\/p>\n<\/blockquote>\n

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More choppy range trade in the short run looks likely as weaker risk appetite and firmer crude oil counterbalance each other but if Tuesday\u2019s data mix could not push funds above 1.37, it\u2019s not clear to me what (outside of some significant shock) will.<\/p>\n<\/blockquote>\n

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Share: The CAD dumped \u2013 but only briefly \u2013 before returning to the low 1.36s where it was before Tuesday\u2019s data reports. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes Loonie\u2019s outlook. The data mix could not have been worse for the CAD The data mix could not have been worse for the CAD on […]<\/p>\n","protected":false},"author":2,"featured_media":10047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,388,250,252,247,253,385,249,334,498,256,254],"class_list":["post-176601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-inflation","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-riskappetite","tag-safe-moon","tag-unitedstates","tag-usdcad","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176601","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=176601"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176601\/revisions"}],"predecessor-version":[{"id":176602,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176601\/revisions\/176602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/10047"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}