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CAD holds narrow range around 1.44 – Scotiabank
The Canadian Dollar (CAD) is little changed on the session. The immediate focus for local markets is on tomorrow’s labour market update but the data perhaps won’t add too much to short-term FX dynamics, Scotiabank’s Chief FX Strategist Shaun Osborne notes. CAD little changed on the day“Markets are 8
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USD/CNH: Chance to retest the 7.3700 level – UOB Group
US Dollar (USD) is expected to trade in a range between 7.3430 and 7.3615. In the longer run, room for USD to retest the 7.3700 level; it is too early to determine if it can break and remain above this level, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. A break above 7.3700 is unlike
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ADP Employment Change set to show US job growth slowing in December, Fed unlikely to alter plans
The ADP Employment Change will likely have a limited impact on financial markets. The US private sector is expected to have added 139,000 new positions in December. The US Dollar Index corrected extreme overbought conditions, retains its bullish stance. Financial markets slowly return from the winte
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The commodities feed: Solid start to the year for Oil
The oil market has had a relatively strong start to the year on the back of a stronger physical market in the Middle East. Energy – Prices off to a strong start The oil market is off to a strong start in 2025 with ICE Brent trading above $76/bbl. This is despite the oil balance for 2025 looking comf
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Morning briefing: The US Treasury and the German yields sustain higher
The Dollar Index can rise towards 109-109.50 while above 107.50-108.00. Euro, EURINR and Aussie can trade within 1.0450/0550-1.0350/0300, 89.50/90.00-88.00 and 0.6350/06300-0.6200 respectively until a decisive break is seen on either side. The pound looks stable above 1.25 but needs a strong break p
Pull-up Update