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GBP/USD Forecast: Economic Setbacks Leave Dollar Struggling
Private employers in the US hired fewer workers than expected in June. There was an unexpected increase in unemployment claims from 234,000 to 238,000. The UK service sector declined by a smaller margin than expected. The GBP/USD forecast points north, with the dollar frail after several downbeat economic reports in the previous session. Meanwhile, the...
USD/CAD Forecast: Oil Price Surge Boosts Canadian Dollar
Oil briefly hit a two-month high, which helped the Canadian dollar rally. Canada’s manufacturing sector remained in contraction in June. The US dollar eased after Powell’s dovish remarks. The USD/CAD forecast leans bearish as the Canadian dollar firms after a brief rally in oil prices. At the same time, the loonie got support from a...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
