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USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone
The Bank of Canada shifted to a more hawkish tone that boosted the Canadian dollar. The dollar was weak after US inflation data came in line with expectations. Traders increased the likelihood of a December Fed rate cut from 85% to 97%. The USD/CAD outlook shows a stronger loonie after Wednesday’s Bank of Canada policy...
AUD/USD Forecast: Aussie Jumps as Jobs Data Surprises
Data on Thursday revealed that job growth in Australia surged in November. Markets slashed bets for a February RBA rate cut from 68% to 55%. The US CPI increased by 0.3% in November and 2.7% annually, as expected. The AUD/USD forecast made a sharp bullish turn on Thursday after a surprise jump in Australia’s employment....
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
