 Trading in the European session has been relatively muted, with the primary contributor to the quietness being a notably thin economic calendar. Euro experienced a mild dip following European Commission's downgrade of growth projections for Eurozone for the current year and next. While Euro displayed pronounced weakness against commodity-linked currencies, its descent was restricted against other major peers. As market participants await ECB's interest rate announcement set for this Thursday, it seems that Euro traders are preserving their substantial positions for the time being. Early trading saw Yen surged, primarily fueled by remarks from BoJ Governor Kazuo Ueda, stirring market chatter about a potential departure from negative interest rates by early next year. However, Yen's ascent was short-lived, with the currency giving up most of its gains by the onset of US session. Presently, the Yen ranks as the day's second-best performer, sitting behind Australian Dollar and just ahead of New Zealand Dollar. In contrast, US Dollar has been the day's laggard, giving up some ground following its gains from the past week. Swiss Franc and Euro trail close behind in underperformance. Meanwhile, Sterling and Canadian Dollar are showing mixed performance. From technical perspective, EUR/CAD's bearish run from 1.4822 continues, marking a decline to 1.4554 today so far. As long as 1.4661 resistance remains intact, further downside is anticipated. The ongoing fall from 1.4822 is perceived as the third leg of the corrective pattern from 1.4879. The forthcoming targets are set at 1.4482 support, and then 100% projection of 1.4879 to 1.4482 from 1.4822 at 1.4425. In Europe, at the time of writing, FTSE is up 0.06%. DAX is up 0.48%. CAC is up 0.59%. Germany 10-year yield is up 0.0316 at 2.644. Earlier in Asia, Nikkei dropped -0.43%. Hong Kong HSI dropped -0.58%. China Shanghai SSE rose 0.84%. Singapore Strait Times rose 0.33%. Japan 10-year JGB yield is up 0.0546 at 0.705. | 
