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AUD/USD Outlook: Rising Treasury Yields Bolster US Dollar
US Treasury yields soared overnight amid expectations for a Trump win. Data on Monday showed that the US manufacturing sector shrank further in June. Investors are pricing a 36% chance that the RBA will hike rates in August. The AUD/USD outlook shows solid bearish sentiment as the dollar strengthens with rising Treasury yields. Meanwhile, investors...
USD/CAD Outlook: GDP Growth Keeps Canadian Dollar Firm
The Canadian dollar ended the month 0.3% lower, weakened by the Bank of Canada’s first rate cut. Canada’s Gross Domestic Product increased by 0.3% in April as expected. The US dollar fell when data revealed softer inflation in May. The USD/CAD outlook remains bearish as the Canadian dollar holds firm after Friday’s upbeat GDP report....
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
