Mitrade_official

Bank of Canada halts rate hikes

FX:GBPUSD   British Pound / U.S. Dollar
The Bank of Canada just announced its interest rate decision - leaving as it is at 4.50%. While the decision has been expected by Mitrade, it is also the first major central bank to put an end to months of rate hikes. USD/CAD then added 50 pips to 1.3804, and USD/JPY added over 20 pips to 137.34.

Though EUR/USD slipped 6 pips to 1.0544, GBP/USD managed to add 12 pips to 1.1842, and AUD/USD closed 5 pips higher to 0.6586. Bitcoin and Ethereum just fell to $21,743.0 and $1,537.22 respectively.

As investors await the US Nonfarm Payrolls report on Friday, spot gold declined slightly to $1,813.86 an ounce. Despite a drop in crude oil inventories by 1.69 million barrels, WTI oil futures dropped $1.2 to $76.66 a barrel.

The Nasdaq 100 climbed 63 points (+0.52%) to 12,215, and the S&P 500 edged up 5 points (+0.14%) to 3,992. The Dow Jones Industrial Average decreased 58 points (-0.18%) to 32,798.

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.