Miriam
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EUR rallies amid prospect of softer Trump trade tariffs and 'buoyant' PMIs
The euro has had a very good week so far, with common currency briefly rallying above the 1.05 level this morning. The prospect of a softer stance towards trade protectionism from President Trump is a clear bullish signal for the euro given the common bloc’s high dependence on external demand (the e
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Forex: Back on the Trump rollercoaster
As President Donald Trump's second term began, delaying immediate tariff impositions ignited a robust rally in the currencies of key U.S. trading partners—Mexico, Canada, China, and the Eurozone. The currency markets initially soared with relief at 8:30 a.m., buoyed by the WSJ article that Trump was
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EUR/JPY declines to near 161.00 as BoJ keeps door open for rate hike
EUR/JPY loses traction to around 161.10 in Tuesday’s early European session, losing 0.62% on the day. The BoJ is anticipated to raise rates to the highest in 17 years. The ECB's dovish bets weigh on the shared currency. The EUR/JPY cross falls to near 161.10 during the early European session on Tues
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Commodity prices rise for the third consecutive week ahead of Trump’s inauguration – What’s next? [Video]
Commodity prices have started 2025 on an absolute tear with everything from the Metals, Energies to Agriculture notching up explosive gains! Soft Commodities have lead the charge this month with Corn and Soybean prices reaching their highest level in over seven months, off the back of the USDA's lat
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USD/CAD Price Forecast: The first upside barrier emerges above 1.4400
USD/CAD rebounds to around 1.4355 in Thursday’s early European session. The negative outlook prevails below the 100-period EMA with the bearish RSI indicator. The initial support level is located at 1.4322; the first upside barrier emerges at the 1.4400-1.4410 region. The USD/CAD pair recovers to 1.
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CAD lags commodity peers – Scotiabank
The Canadian Dollar (CAD) is lagging its commodity peers and trading little changed on the session. Tariff risks remain a constraint on the CAD’s performance, Scotiabank's Chief FX Strategist Shaun Osborne notes. CAD little changed"This morning’s Manufacturing and Wholesale Sales data are unlikely t
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Pull-up Update