Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

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Roller coaster on the Market: Dollar Steady, Euro Nears Minimum in Anticipation of ECB Rates
22:56 2023-12-06 UTC--5
Exchange Rates analysis

Meanwhile, the Bank of Canada on Wednesday left its key overnight rate at 5% and, unlike other banks, left the possibility of further increases open, expressing concern about inflation and acknowledging economic slowdown and overall price reduction.

The Canadian dollar slightly strengthened against the American dollar, reaching 1.36 Canadian dollars per American dollar.

In other currency markets, the Japanese yen strengthened by 0.16% to 147.07 yen per dollar. The offshore Chinese yuan fell slightly by 0.02%, reaching 7.1717 yuan per dollar. The Australian dollar rose by 0.03%, to 0.655 US dollars.

In the cryptocurrency sector, Bitcoin rose by 0.19%, reaching $43,910.11.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.