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Market analysis
  • Canadian dollar near 13-month highs after BoC rate hike

    The Canadian dollar was touch lower against its U.S. counterpart on Thursday but was still close to 13-month highs after its country’s central bank hiked interest rates on Wednesday. USD/CAD edged up 0.09% to 1.2761 by 09.30 AM ET, not far from the low of 1.2679 set on Wednesday, which was the weakest since June […]

  • Dollar broadly lower after Yellen, loonie near 13-month highs

    The dollar was lower against most of the other major currencies on Thursday following dovish comments from Federal Reserve Chair Janet Yellen while the Canadian dollar was near 13-month highs after its country’s central bank hiked interest rates. The dollar was weaker against the yen, with USD/JPY sliding 0.17% to a one-week low of 112.95 […]

  • Bitcoin, Ethereum push higher, struggle to make headway

    Prices of Bitcoin and Ethereum were higher on Thursday, but struggled to make headway amid persistent concerns that cryptocurrencies are facing a period of correction after recent record rallies. Bitcoin rose $38.6 or 1.65% on the U.S.-based GDAX exchange operated by Coinbase to $2,376.0 by 05.17 AM ET. Bitcoin has struggled to regain momentum since […]

  • Gold nears 1-week high as markets bet on patient Fed

    Gold prices edged higher in European trade on Thursday, nearing a one-week high following Federal Reserve Chair Janet Yellen’s congressional testimony to gradually raise interest rates. Comex gold futures were at $1,222.49 a troy ounce by 3:18AM ET (0718GMT), up $3.40, or around 0.3%. Prices tallied a third-straight gain Wednesday after Yellen sounded cautious on […]

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