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The Canadian dollar stays stable against the US dollar while traders await the Fed’s decision

The USD/CAD pair remains stable as the Bank of Canada holds rates at 2.25%. Market focus shifts to the Federal Reserve’s upcoming decision, influencing both currencies and trading strategies. – vtmarketsmy.com

Macklem, Governor of the Bank of Canada, shares insights after maintaining the policy rate and indicating trade shifts with the US.

The Bank of Canada holds interest rates at 2.25%, forecasting slow growth amid US tariff impacts. The Canadian dollar strengthens, while geopolitical factors weaken the US dollar, influencing trade strategies. – vtmarketsmy.com

In December, Russia’s Producer Price Index dropped to -1.6%, a decrease from -0.9% from before.

December saw a decline in Russia’s Producer Price Index, while the Federal Reserve held interest rates steady. Gold and Tesla stocks thrived, signaling potential trading opportunities amidst fluctuating markets. – vtmarketsmy.com

In January, US crude oil stocks dropped from 3.602 million to -2.296 million.

US crude oil stocks dropped significantly, aligning with stable economic indicators. Gold remains near record highs, Ethereum struggles at $3,000, and volatile market trends suggest strategic trading options are crucial. – vtmarketsmy.com

The Australian dollar stays stable at around 0.7000 as it awaits the Federal Reserve’s rate announcement.

The Australian Dollar is stabilizing near 0.7000 against the US Dollar as markets anticipate the Fed’s interest rate decision. Upcoming volatility is expected, presenting traders with opportunities in AUD/USD strategies. – vtmarketsmy.com

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