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AUD/USD Forecast: RBA Rate Cut Odds Up After Easing CPI
Australia’s consumer inflation jumped by 2.3% in November. Underlying inflation in Australia dropped from 3.5% to 3.2%. US job openings unexpectedly rose in November to 8.10 million. The AUD/USD forecast turned bearish on Wednesday after Australia’s inflation figures increased the likelihood of a February RBA rate cut. Meanwhile, the greenback was on the front foot...
USD/CAD Price Analysis: US Data Backs a Slow Fed Easing Cycle
US job openings unexpectedly rose to 8.10 million in November. The US ISM services PMI increased to 54.1, above forecasts of 53.5. Canada’s Prime Minister Justin Trudeau announced plans to resign. The USD/CAD price analysis shows further support for a gradual Fed easing cycle. The US released upbeat data on Tuesday, which boosted the dollar...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
