Market participants are closely watching the upcoming announcements from the Bank of Canada (BoC) and the Federal Reserve (Fed) as they prepare for potential shifts in monetary policy. The USD/CAD exchange rate remained stable around 1.3500, reflecting market uncertainty ahead of the BoC's decision. Analysts are speculating that any dovish indications from the central bank could lead to a depreciation of the Canadian dollar.
Meanwhile, the EUR/USD pair has seen slight fluctuations, trading at approximately 1.0850, influenced by ongoing economic data from the Eurozone. Traders are particularly interested in the Fed's stance on interest rates, with expectations leaning towards a pause in hikes. If the Fed maintains its current course, the dollar could see continued weakness against the euro, potentially affecting broader market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 07:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.