The Canadian dollar is set to gain more than 2% against its United States counterpart in a year as an expected recovery in the global economy from the Covid-19 crisis improves the outlook for commodity prices, a poll showed.
Economy of China is expected to recover steadily in the rest of the year, boosted by stimulus measures to reverse the damage from the Covid crisis, but weak global demand and rising the U.S.-China tensions are key risks, a Reuters poll showed on Friday.
Factory activity of China likely rose for a second straight month in April 2020 as more businesses re-opened from strict lockdowns implemented to contain the coVID-19 outbreak, which has now paralysed the global economy.
Gold prices are expected to consolidate below recent highs during 2020 and 2021 as increased demand from investors for the ‘safe haven’ asset is offset by U.S. dollar strength and weak retail consumption.
Imports and exports of China likely fell in January after a brief rebound at the end of last year and a rapidly spreading virus outbreak could disrupt its global trade for months to come.
Crude oil prices are likely to hover around $63 a barrel next year, a Reuters poll showed on Tuesday, benefiting from deeper production cuts by OPEC and its allies, and hopes that a U.S.-China trade deal could jumpstart economic growth.
Exports of China are expected to have risen for the first time in four months in November, a Reuters poll showed, though a protracted trade row with the United States and slack global demand mean a sure-footed turnaround in shipments is some way off.