Australian inflation falls to an eight-month low
In February, the Australian CPI inflation growth reading was 6.8%, lower than Mitrade's estimates of 7.1%, while also at its lowest level since July 2022. On the other hand, the Reserve Bank of Australia was less optimistic about the trajectory, claiming it would take years to cool down. AUD/USD closed 60 pips higher at 0.6709.
EUR/USD climbed 47 pips to 1.0843, and GBP/USD rose 56 pips to 1.2340. USD/CAD declined 62 pips to 1.3598, and USD/JPY fell 70 pips to 130.86.
Spot gold rose $17 to $1,973.70 an ounce. Oil supply from Iraq’s Kurdistan region has been disrupted by Turkey, which saw WTI oil futures trading $0.39 higher at $73.20 a barrel. Bitcoin and Ethereum advanced to $27,338.0 and $1,777.90 respectively.
The Nasdaq 100 lost 62 points to 12,610. The Dow Jones Industrial Average dropped 37 points to 32,394, and the S&P 500 slid 6 points to 3,971.
EUR/USD climbed 47 pips to 1.0843, and GBP/USD rose 56 pips to 1.2340. USD/CAD declined 62 pips to 1.3598, and USD/JPY fell 70 pips to 130.86.
Spot gold rose $17 to $1,973.70 an ounce. Oil supply from Iraq’s Kurdistan region has been disrupted by Turkey, which saw WTI oil futures trading $0.39 higher at $73.20 a barrel. Bitcoin and Ethereum advanced to $27,338.0 and $1,777.90 respectively.
The Nasdaq 100 lost 62 points to 12,610. The Dow Jones Industrial Average dropped 37 points to 32,394, and the S&P 500 slid 6 points to 3,971.