ECB President expects another rate hike in September
EUR/USD 🔼
GBP/USD ▶️
AUD/USD 🔼
USD/CAD 🔽
XAU ▶️
WTI 🔼
In their respective speeches, the leaders from the European Central Bank and Reserve Bank of Australia (RBA) both agreed for raising interest rates to limit inflation within 2-3%, while hinting at returning to more rounds. EUR/USD managed to close at 1.0509, currently on the rebound to 1.0530. In his speech, the RBA Governor also expects high inflation rates for the rest of 2022. AUD/USD closed at 0.6948 and is slowly recovering from 0.6944.
GBP/USD and Gold Futures mostly traded flat yesterday, the British Pound exchange rate against the greenback is mostly unchanged at 1.225, with minor gains and a sluggish growth rate. The UK Consumer Price Index on Wednesday should provide further information on the growth of price levels. Meanwhile, Gold futures have experienced minor oscillations at a high of 1,847.7, to close at 1,840.7.
The Canadian currency was weakened by a sudden drop in crude oil prices last week, USD/CAD closed at 1.2979, and the Existing Home Sales in May for the US and Core Retail Sales for Canada will be released tonight. Crude oil closed at 108.77, then soon returned to 110.06 a barrel.
More information on Mitrade website.
GBP/USD ▶️
AUD/USD 🔼
USD/CAD 🔽
XAU ▶️
WTI 🔼
In their respective speeches, the leaders from the European Central Bank and Reserve Bank of Australia (RBA) both agreed for raising interest rates to limit inflation within 2-3%, while hinting at returning to more rounds. EUR/USD managed to close at 1.0509, currently on the rebound to 1.0530. In his speech, the RBA Governor also expects high inflation rates for the rest of 2022. AUD/USD closed at 0.6948 and is slowly recovering from 0.6944.
GBP/USD and Gold Futures mostly traded flat yesterday, the British Pound exchange rate against the greenback is mostly unchanged at 1.225, with minor gains and a sluggish growth rate. The UK Consumer Price Index on Wednesday should provide further information on the growth of price levels. Meanwhile, Gold futures have experienced minor oscillations at a high of 1,847.7, to close at 1,840.7.
The Canadian currency was weakened by a sudden drop in crude oil prices last week, USD/CAD closed at 1.2979, and the Existing Home Sales in May for the US and Core Retail Sales for Canada will be released tonight. Crude oil closed at 108.77, then soon returned to 110.06 a barrel.
More information on Mitrade website.