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USD/JPY Price Analysis: Yen Marks 3-Decade Lows Against Dollar
Data on Monday revealed a bigger-than-expected 0.7% increase in US retail sales. Fed policymakers have gradually lost confidence in their progress toward lowering inflation. Japanese officials have kept up their verbal warnings against large currency declines. The USD/JPY price analysis is fueled by bullish sentiment, reaching a 34-year peak amid a sour market mood. The...
GBP/USD Outlook: Pound Maintains 5-Month Low Following Data
US retail and core retail sales jumped in March. The likelihood of a Fed cut in September has risen to 46%. Data revealed a slight easing in the UK labor market. The GBP/USD outlook suggests downward momentum as the Pound clings near 5-month lows following US and UK data. While the US boasts surprisingly strong...
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USD/CAD Forecast: Canadian Dollar Near Recent 5-Month Lows
Data from the US last week indicated higher-than-expected inflation in the country. Investors have pushed back the possible timing for the first Fed cut to July or September. Canada’s economy is deteriorating due to the high borrowing costs. There is more upside potential in the USD/CAD forecast as the Canadian dollar hovers near a five-month...
USD/CAD Outlook: Bullish as BoC-Fed Divergence Widens
Headline US inflation rose 0.4% monthly and 3.5% on an annual basis. Investors now expect the first Fed cut in September. Governor Tiff Macklem said that the BoC will likely cut rates in June. The USD/CAD outlook shines brighter with bullish prospects as the outlook for rate cuts between Canada and the US continues to...