Business activity in the US rose, supported by the service sector. The economy expanded by 3.1% in the fourth quarter. The Fed cut rates but projected only 50 bps of cuts in 2025. The AUD/USD weekly forecast suggests renewed downward pressure as the dollar rallies on the outlook of fewer Fed rate cuts in 2025....
US data on sales, business activity and GDP growth all revealed a robust economy. Canada’s inflation rose more than expected, but sales missed forecasts. Fed policymakers forecast fewer-than-expected rate cuts in 2025. The USD/CAD weekly forecast shows a divergence in policies between the Fed and the BoC that has hurt the loonie. Ups and downs...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts