{"id":186084,"date":"2023-11-02T21:08:39","date_gmt":"2023-11-02T15:38:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=186084"},"modified":"2023-11-02T21:08:39","modified_gmt":"2023-11-02T15:38:39","slug":"declines-to-re-emerge-possibly-before-year-end-mufg-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/declines-to-re-emerge-possibly-before-year-end-mufg-crypto-news\/","title":{"rendered":"Declines to re-emerge, possibly before year-end \u2013 MUFG &#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>The Canadian Dollar weakened in October and was the third worst performing G10 currency across G10. Economists at MUFG Bank analyze Loonie\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CAD is now overshooting fair value<\/h2>\n<blockquote>\n<p>Based on our own short-term valuation model incorporating crude oil price and interest rate moves, USD\/CAD is now overshooting fair value. This could well persist while the window for US Dollar strength persists but we now see limits to the scale of upside for USD\/CAD from here and would expect declines to re-emerge, possibly before year-end.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>A broadening of the Hamas-Israel conflict could see crude oil prices rise further at these higher USD\/CAD levels should help support CAD.\u00a0<\/p>\n<\/blockquote>\n<p>USD\/CAD \u2013 <strong>Q4 2023<\/strong> 1.39 <strong>Q1 2024<\/strong> 1.35 <strong>Q2 2024<\/strong> 1.33 <strong>Q3 2024<\/strong> 1.32<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Canadian Dollar weakened in October and was the third worst performing G10 currency across G10. Economists at MUFG Bank analyze Loonie\u2019s outlook. USD\/CAD is now overshooting fair value Based on our own short-term valuation model incorporating crude oil price and interest rate moves, USD\/CAD is now overshooting fair value. This could well persist [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,498,256,254],"class_list":["post-186084","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-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\/186084","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=186084"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186084\/revisions"}],"predecessor-version":[{"id":186085,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186084\/revisions\/186085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6520"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=186084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=186084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=186084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}