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GBP/USD rises above 1.3650 thanks to strong UK economic indicators and an overbought RSI

GBP/USD has risen to 1.3685, boosted by strong UK data, but an overbought RSI signals a potential pause. Concerns about the US economy may weigh on the dollar’s strength. – vtmarketsmy.com

The US Dollar Index stays near 97.00 amid Fed uncertainty and shutdown worries.

The US Dollar Index falls near 97.00 due to Federal Reserve uncertainty and potential government shutdown concerns. Market volatility makes options strategies appealing for trading as bearish sentiment grows. – vtmarketsmy.com

AUD/USD remains elevated around 0.6920 as December CPI data is expected for RBA insights

Political turmoil pressures the USD as a possible government shutdown looms, while the AUD is impacted by China’s economic health and fluctuating iron ore prices. Strategies include options trading for risk management. – vtmarketsmy.com

USD/CAD shows slight increases during Asian trading hours, trading around 1.3720 as traders await rate decisions

USD/CAD edges up to 1.3720 as traders monitor central bank interest rates and a potential US government shutdown. Political risks and oil prices could drive significant currency volatility ahead. – vtmarketsmy.com

PBOC sets USD/CNY reference rate at 6.9858, higher than the previous day’s rate

The People’s Bank of China set the USD/CNY rate at 6.9858, hinting at potential controlled depreciation to enhance competitiveness amid slowing growth, impacting traders and commodities. Opportunities may arise in currency options and futures. – vtmarketsmy.com

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