EUR/USD 🔽
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
The dollar renewed its strength against other major currencies, as the Federal Reserve interest rate decision edges closer. The market expects a 75 to 100 bps rate hike, while the Bank of England also had a projected 75 bps interest rate increase - a high in over three decades. Thus, EUR/USD slumped below parity again, closing at 0.997, and GBP/USD to 1.1379.
A mixed bag of housing market data did not deter the dollar train, USD/CAD climbed and slowed, finally reaching a closing price of 1.3362, gaining over 100 pips in the process. The AUD/USD pair recorded a modest loss, due to declining oil and gold prices.
The yellow metal was overshadowed by the prospect of an even stronger US dollar, gold futures went down by $7 to $1,671.1 an ounce. Oil prices went bearish as investors anticipated the US crude oil inventories to increase by 2.1 million barrels, last traded at $83.94 a barrel.
More information on Mitrade website.
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔽
The dollar renewed its strength against other major currencies, as the Federal Reserve interest rate decision edges closer. The market expects a 75 to 100 bps rate hike, while the Bank of England also had a projected 75 bps interest rate increase - a high in over three decades. Thus, EUR/USD slumped below parity again, closing at 0.997, and GBP/USD to 1.1379.
A mixed bag of housing market data did not deter the dollar train, USD/CAD climbed and slowed, finally reaching a closing price of 1.3362, gaining over 100 pips in the process. The AUD/USD pair recorded a modest loss, due to declining oil and gold prices.
The yellow metal was overshadowed by the prospect of an even stronger US dollar, gold futures went down by $7 to $1,671.1 an ounce. Oil prices went bearish as investors anticipated the US crude oil inventories to increase by 2.1 million barrels, last traded at $83.94 a barrel.
More information on Mitrade website.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.