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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...
EUR/USD Price Analysis: Gaining Amid Fed’s Dovish Comments
Powell noted significant progress on inflation in the US. There was an unexpected jump in US job openings in May. Eurozone inflation fell last month, but underlying price pressures remained high. The EUR/USD price analysis paints a bullish picture as the dollar remains fragile after Powell’s slightly dovish remarks. Meanwhile, the euro was strong, as...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
