Bank of Canada raised its interest rate by 75 bps
EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔼
XAU 🔼
WTI 🔽
Coinciding with the greenback’s softening, the Bank of Canada raised its interest rate by 75 basis points to 3.25%. USD/CAD rose to 1.3125, and USD/JPY reached a high at 144.99, then retreated to 143.7.
EUR/USD briefly surfaced above the parity before closing at 0.9999, as the market expects a 75 basis points rate hike from the European Central Bank tonight.
The Pound/Dollar pair closed higher with minor gains at 1.1525, after sliding to a low of 1.1413, not seen since 1985. Although the Australian trade balance only recorded an $8.733 billion reading, considerably lower than the original estimate of $14.500 billion. The GDP results were not far from the mark, a 3.6% quarterly increase enabled the Aussie to climb to 0.6769 against the US dollar.
Gold futures recovered and stabilized at $1,727.8 an ounce as the greenback eased. Slowing global demands saw WTI crude futures returning to pre-Russian invasion levels at $81.94 a barrel.
More information on Mitrade website.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔼
XAU 🔼
WTI 🔽
Coinciding with the greenback’s softening, the Bank of Canada raised its interest rate by 75 basis points to 3.25%. USD/CAD rose to 1.3125, and USD/JPY reached a high at 144.99, then retreated to 143.7.
EUR/USD briefly surfaced above the parity before closing at 0.9999, as the market expects a 75 basis points rate hike from the European Central Bank tonight.
The Pound/Dollar pair closed higher with minor gains at 1.1525, after sliding to a low of 1.1413, not seen since 1985. Although the Australian trade balance only recorded an $8.733 billion reading, considerably lower than the original estimate of $14.500 billion. The GDP results were not far from the mark, a 3.6% quarterly increase enabled the Aussie to climb to 0.6769 against the US dollar.
Gold futures recovered and stabilized at $1,727.8 an ounce as the greenback eased. Slowing global demands saw WTI crude futures returning to pre-Russian invasion levels at $81.94 a barrel.
More information on Mitrade website.