Analytical Reviews

Forexmart's analytical reviews provide up-to-date technical information about the financial market. These reports range from stock trends, to financial forecasts, to global economy reports, and political news that impact 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

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 is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.