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USD/CAD Forecast: Odds for 50-bps Cut After Dismal Jobs Data
The US recorded a smaller-than-expected 7.67M job vacancies in July. Investors raised the likelihood of a 50 bps Fed rate cut to 45%. The Bank of Canada cut rates by 25 bps on Wednesday as expected. The USD/CAD forecast points to renewed dollar weakness after downbeat data raised the likelihood of a super-sized September Fed...
AUD/USD Forecast: Dollar Gains Amid Risk Flows
US data revealed continued contraction in the manufacturing sector. Wall Street and risk-sensitive currencies like the Australian dollar plunged on Tuesday. Australia’s economy remained slow in the second quarter. The AUD/USD forecast shows more downside potential as the dollar hovers near recent peaks after an overnight rush of safe-haven inflows. However, it retreated slightly on...
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Crypto Price Predictions
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
