Resurging inflation dims Australian consumer sentiment
High inflation and interest rates have dented Australian consumer sentiment by 6.9%, though the labor market remains tight. Meanwhile, AUD/USD increased 46 pips to 0.6965. Most major currencies also rallied against the greenback, with EUR/USD adding 43 pips to 1.072, and GBP/USD climbing 77 pips to 1.2138.
On the other hand, USD/CAD recorded minor losses to 1.333, and USD/JPY surged 99 pips to 132.40. Bitcoin just slipped to $21,731.0, and Ethereum was last traded at $1,500.31.
Although oil supply from Turkey has partially resumed after the earthquake, WTI oil futures still moved up slightly to $80.14 a barrel. Spot gold dropped $12 to $1,853.45 an ounce.
The Nasdaq 100 rebounded 197 points (+1.60%) to 12,502. The S&P 500 increased 46 points (+1.14%) to 4,137, and the Dow surged 376 points (+1.11%) to 34,245.
On the other hand, USD/CAD recorded minor losses to 1.333, and USD/JPY surged 99 pips to 132.40. Bitcoin just slipped to $21,731.0, and Ethereum was last traded at $1,500.31.
Although oil supply from Turkey has partially resumed after the earthquake, WTI oil futures still moved up slightly to $80.14 a barrel. Spot gold dropped $12 to $1,853.45 an ounce.
The Nasdaq 100 rebounded 197 points (+1.60%) to 12,502. The S&P 500 increased 46 points (+1.14%) to 4,137, and the Dow surged 376 points (+1.11%) to 34,245.