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AUD/USD Outlook: Aussie Rides High on China’s Stimulus Efforts
The People’s Bank of China announced more measures to support its fragile economy. Consumer sentiment in Australia dropped in January. Traders eagerly await the US PPI report. The AUD/USD outlook indicates continued optimism about China’s efforts to support its weak economy, which has boosted the Aussie. Meanwhile, Australia’s decline in consumer sentiment could pressure the...
USD/JPY Outlook: BoJ Could Hike Rates Amid Rising Inflation
Japan’s wage gains have shown sustainable growth prospects. US nonfarm payrolls rose by 256,000, beating estimates of 164,000. Traders expect only 27-bps of Fed rate cuts this year. The USD/JPY outlook shows increasing price pressures in Japan that might convince BoJ policymakers to hike rates soon. As a result, the yen gained despite a strong...
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Crypto Price Predictions
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
