US Initial Jobless Claims decreased to 194,000 against an estimate of 200,000. Combined with a growing Producer Price Index and relatively hawkish comments from Fed officials, Mitrade now expects more significant rate hikes to combat inflation.
As a result, the greenback strengthened against most of its peers. EUR/USD fell 21 pips to 1.0668, and GBP/USD lost 33 pips to 1.1993. Australia recorded an 11,500 decrease in employment, as AUD/USD lost 27 pips to 0.6876. USD/CAD climbed 64 pips to 1.3456, and USD/JPY slid 17 pips to 133.94.
Spot gold and WTI oil futures suffered minor losses to close at $1,836.49 an ounce and $78.49 a barrel respectively. Bitcoin lost momentum and dropped to $23,753.0, whereas Ethereum was last traded at $1,658.62.
The Dow Jones Industrial Average plunged 1.26% to 33,696. The S&P 500 declined 57 points to 4,090, and the Nasdaq 100 lost 245 points to 12,442.
As a result, the greenback strengthened against most of its peers. EUR/USD fell 21 pips to 1.0668, and GBP/USD lost 33 pips to 1.1993. Australia recorded an 11,500 decrease in employment, as AUD/USD lost 27 pips to 0.6876. USD/CAD climbed 64 pips to 1.3456, and USD/JPY slid 17 pips to 133.94.
Spot gold and WTI oil futures suffered minor losses to close at $1,836.49 an ounce and $78.49 a barrel respectively. Bitcoin lost momentum and dropped to $23,753.0, whereas Ethereum was last traded at $1,658.62.
The Dow Jones Industrial Average plunged 1.26% to 33,696. The S&P 500 declined 57 points to 4,090, and the Nasdaq 100 lost 245 points to 12,442.
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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.