CAD/AED Exchange rate

The Bank of England (BoE) left the policy rate unchanged at 4.25% as widely anticipated. Three policymakers voted in favor of a rate cut. Pound Sterling struggles to gather strength with the immediate reaction and GBP/USD stays in daily range slightly above 1.3400.

EUR/USD trades marginally lower on the day below 1.1500 the second half of the day on Thursday. The US Dollar stays resilient against its rivals, supported by the risk-averse market atmosphere and the Fed's cautious tone on policy-easing.

Gold recovers modestly and trades slightly above $3,370 after touching a weekly low earlier in the day. Growing concerns over a deepening conflict in the Middle East, with the involvement of the US, force markets to adopt a cautious stance and help XAU/USD limit its losses.

Bitcoin price finds support around the 50-day EMA at $103,100; a decisive close below this level could trigger a sharp correction. Reports that US officials are preparing for a strike on Iran in the coming days could further weigh on sentiment.

Monetary aggregates continue to be closely monitored by the European Central Bank (ECB), a sign that, despite the passage of time and the increasing complexity of financing circuits, quantitative theory remains relevant.