Japan’s economy likely shrank less than expected in the March quarter. The dollar traded near an 8-week low due to increased rate cut expectations. Investors eagerly await the US monthly employment report. The USD/JPY outlook points south as the yen strengthens on prospects of a smaller-than-expected contraction of Japan’s economy in Q1. Meanwhile, the dollar...
The Bank of Canada became the first G7 central bank to lower interest rates. Markets are expecting 77 basis points of rate cuts in Canada this year. The likelihood of a Fed rate cut in September rose to 69%. The USD/CAD outlook is optimistic as the loonie remains fragile after the Bank of Canada implemented...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts