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Canadian dollar struggles as oil prices decline; USD/CAD rises to seven-month highs near 1.4110
USD/CAD hits a seven-month high as falling oil prices weaken the Canadian Dollar. Despite a US government shutdown, a hawkish Fed supports the USD, forecasting a continued upward trend for the pair. – vtmarketsmy.com
Written on November 5, 2025 at 8:57 am
Categories: Live Updates
WTI crude oil falls below $60 as US inventories increase
WTI crude oil prices dipped to $60 amid rising US inventories and geopolitical tensions. While high stockpiles suggest weakening demand, conflicts in the Middle East could support prices. Volatility remains heightened. – vtmarketsmy.com
Written on November 5, 2025 at 8:57 am
Categories: Live Updates
Premier Li Qiang states that unilateral protectionist actions disrupt the global economy.
China’s Premier Li Qiang highlights the need for fair trade practices amidst rising global protectionism. The nation pledges to boost imports and drive economic growth, signaling potential opportunities in commodities and tech stocks. – vtmarketsmy.com
Written on November 5, 2025 at 7:57 am
Categories: Live Updates
The PBOC set the USD/CNY central rate at 7.0901, surpassing previous values.
The People’s Bank of China set the yuan’s central rate at 7.0901, stronger than expected, amid economic challenges and a weak yuan. They aim to stabilize the currency and support growth despite global pressures. – vtmarketsmy.com
Written on November 5, 2025 at 7:56 am
Categories: Live Updates
EUR/USD stays above 1.1500 as cautious expectations surround ECB policy direction
EUR/USD holds steady at 1.1490 as the Euro benefits from a cautious ECB outlook, while the US Dollar faces uncertainty from government shutdowns. Traders eye inflation data for potential volatility. – vtmarketsmy.com
Written on November 5, 2025 at 7:56 am
Categories: Live Updates
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