The Bank of Canada raised rates by 25 bps as expected
EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔼
USD/JPY 🔽
XAU 🔼
WTI 🔽
BTC 🔼
ETH 🔼
During the Lunar New Year, market anticipation for smaller US rate hikes increased, weakening the greenback against other major currencies. EUR/USD added over 20 pips to 1.0915, and GBP/USD rose to 1.2400. AUD/USD climbed above the 0.7000 level, closing at 0.7106.
Last night, the Bank of Canada raised rates by 25 basis points to 4.50%, meeting Mitrade's estimates. USD/CAD traded higher at 1.3387, but USD/JPY fell more than 60 pips to 129.59.
Spot gold advanced to a nine-month high of $1,946.22 an ounce, and WTI oil futures slightly declined to $80.15 a barrel. Bitcoin and Ethereum just rose to $23,227.0 and $1,628.11 respectively.
The US stock market recorded minor changes yesterday. The Dow added 9 points (+0.03%) to 33,743. The S&P 500 closed just lower at 4,016, and the Nasdaq 100 dropped 31 points (-0.27%) to 11,814.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔼
USD/JPY 🔽
XAU 🔼
WTI 🔽
BTC 🔼
ETH 🔼
During the Lunar New Year, market anticipation for smaller US rate hikes increased, weakening the greenback against other major currencies. EUR/USD added over 20 pips to 1.0915, and GBP/USD rose to 1.2400. AUD/USD climbed above the 0.7000 level, closing at 0.7106.
Last night, the Bank of Canada raised rates by 25 basis points to 4.50%, meeting Mitrade's estimates. USD/CAD traded higher at 1.3387, but USD/JPY fell more than 60 pips to 129.59.
Spot gold advanced to a nine-month high of $1,946.22 an ounce, and WTI oil futures slightly declined to $80.15 a barrel. Bitcoin and Ethereum just rose to $23,227.0 and $1,628.11 respectively.
The US stock market recorded minor changes yesterday. The Dow added 9 points (+0.03%) to 33,743. The S&P 500 closed just lower at 4,016, and the Nasdaq 100 dropped 31 points (-0.27%) to 11,814.