Australia’s Q1 inflation figures came in stronger than expected. Investors had expected the RBA to return to its hawkish stance. RBA Governor Michele Bullock said interest rates were at the right level to lower inflation. The AUD/USD outlook took a bearish turn, with the Aussie plunging after the Reserve Bank of Australia withheld any hawkish...
The dollar plummeted on Friday after a downbeat jobs report. Investors are betting on two rate cuts in 2024, totaling 45 basis points. A Reuters poll trimmed bets for a stronger Canadian dollar this year. The USD/CAD outlook is looking slightly up as the US dollar stages a recovery following Friday’s jobs-driven decline. At the...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts