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GBP/USD Outlook: Dollar Slides on Disappointing GDP Figures
Wednesday’s data revealed weaker US economic growth in the first quarter. A measure of US core personal consumption expenditures jumped by 3.7%. Investors are cautious ahead of today’s core PCE price index report. The GBP/USD outlook remains bullish as the dollar loses ground following a disappointing gross domestic product report. However, the inflation figures buried...
USD/JPY Outlook: Yen Loses Ground Ahead of BoJ Statement
Markets expect the Bank of Japan to maintain rates tomorrow. The yen will remain weak if Japan maintains its gradual rate hike outlook. As the USD/JPY pair continues to climb, the risk of intervention grows. The USD/JPY outlook remains bullish as the yen weakens in anticipation of the Bank of Japan’s policy decision. However, investors...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
