Mitrade_official

US still under talks to raise the debt ceiling

FX:GBPUSD   British Pound / U.S. Dollar
Inconclusive talks to raise the debt ceiling pose a default risk as the US approaches its borrowing limit. The greenback then weakened against its peers, EUR/USD added 17 pips to 1.0874, and GBP/USD climbed 80 pips to 1.2528.

AUD/USD advanced 54 pips to 0.6700, and Australia’s consumer sentiment plunged 7.9% - considerably worse than Mitrade's estimates of -1.7%. USD/CAD declined 81 pips to 1.3467, and USD/JPY rose 41 pips to 136.12.

Spot gold climbed $5 to $2,016.46 an ounce, and WTI oil futures rose $1.07 to $71.11 a barrel. Bitcoin and Ethereum slipped to $27,130.0 and $1,811.59 respectively.

The Nasdaq 100 gained 73 points to 13,413, and the Dow Jones Industrial Average increased 47 points to 33,348. The S&P 500 rose 12 points to 4,136.

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