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The Indian rupee starts strong as the US dollar weakens

The Indian Rupee is set to strengthen against the US Dollar amid weak Dollar sentiment and speculation of lifted tariffs on Indian oil. Market dynamics, including foreign investment, remain crucial. – vtmarketsmy.com

Analysts warn that the EUR/USD exchange rate is approaching the 1.19 threshold due to dollar depreciation.

The EUR/USD rate nears 1.19 as a weakening dollar faces unpredictability from US policies. Analysts warn of potential long-term declines unless relations with allies improve. Positioning for a breakout is advisable. – vtmarketsmy.com

HSBC analyzes currency pairs by examining macro factors, market trends, and trader sentiment.

The euro and British pound gained against the weakening U.S. dollar, driven by positive economic indicators. Bitcoin and gold prices also saw upward trends, signaling market volatility ahead. – vtmarketsmy.com

The pair is facing a steady decline, approaching the lower boundary of its descending channel.

USD/CAD continues to decline amid bearish trends and oversold indicators. Traders might consider put options targeting recent lows, while also hedging against potential short-term rebounds. Rising oil prices bolster the Canadian dollar. – vtmarketsmy.com

GBP/USD reaches highest level since mid-September as it strengthens against the US dollar, influenced by UK data

The GBP/USD pair surged to 1.3660 as strong UK Retail Sales and PMI data uplifted the British Pound against a weakening US Dollar. This trend hints at potential trading opportunities. – vtmarketsmy.com

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