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AUD/USD Forecast: Rallies as Rate Cut Bets Ease After Hot CPI
Australia’s CPI increased by 1% in Q1, beating estimates for an increase of 0.8%. There is a 4% chance of an RBA hike in August. PMI data showed a decline in US business activity in April. The Australian dollar is rising, propelled by unexpectedly high inflation figures, painting a bullish picture for the AUD/USD forecast....
GBP/USD Price Analysis: Pound Surges on Positive PMI
Britain’s composite PMI increased to 54.0 in April from 52.8 in March. The BoE’s chief economist, Huw Pill, said that rate cuts remain some way off. US business activity cooled significantly, leading to a decline in the dollar. The pound’s rise following the release of encouraging PMI data on Tuesday sparked a bullish outlook for...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
