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USD/CAD hovers around 1.3850 during European trading, awaiting BoC and Fed policy decisions

The USD/CAD pair sits near 1.3850 as central banks diverge; the BoC maintains rates while the Fed prepares for cuts. Traders favor a weaker USD, considering options strategies. – vtmarketsmy.com

Silver rises to $60.97 per troy ounce, showing a 0.30% increase according to available data

Silver prices surged to $60.97, up 111% this year. Factors like inflation, industrial demand, and the falling Gold/Silver ratio suggest volatility ahead. Traders should strategize carefully amidst this dynamic market. – vtmarketsmy.com

EUR/JPY rebounds to 182.60, testing three-decade highs amid widespread Yen depreciation

The Yen’s significant weakness mirrors Japan’s struggling economy as EUR/JPY tests a 30-year high. Speculative betting against the Yen increases, prompting volatility and potential trading strategies. – vtmarketsmy.com

ING analyst notes potential CAD weakness as BoC keeps rates at 2.25%

The Bank of Canada is set to hold its 2.25% policy rate amid economic uncertainty, risking short-term Canadian dollar weakness. Investors are advised to consider protective options amid potential currency decline. – vtmarketsmy.com

USD/CAD’s rejection at 1.4150 leads to a sharp reversal, indicating possible further decline, analysts say

The USD/CAD currency pair has reversed sharply, dipping below key resistance levels. If it can’t recover, analysts anticipate further declines, targeting September lows and potentially signaling a bearish trend. – vtmarketsmy.com

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