The Canadian dollar fell after Finance Minister Chrystia Freeland suddenly resigned. The loonie fell as oil prices dropped amid demand concerns. Data in the previous session showed a sharp improvement in US service sector business activity. The USD/CAD outlook shows a weakening Canadian dollar after the Finance Minister’s resignation and falling oil prices, while the...
Business activity in the UK stalled in December. Prices charged by UK companies accelerated at the fastest rate in nine months. Traders are almost fully pricing a 25-bps Fed rate cut this week. The GBP/USD outlook shows a recovery from Friday’s lows after UK PMI data revealed accelerating price pressures. However, the long-term outlook for...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts