EUR/USD 🔽
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔼
The latest interest rate decision from the European Central Bank aligned with market projections at 75 basis points, while the statement had indicated a more dovish approach to control inflation. Once again, EUR/USD plunged below parity to 0.9962. The British Pound fell to 1.1564 against the greenback, and AUD/USD closed lower at 0.6449.
On the other hand, Mitrade was informed that US GDP data exceeded expectations by growing 2.6% compared to the previous quarter, the strong readings displayed resilience in the US economy. As a result, the Federal Reserve should gain more confidence in announcing more aggressive rate hikes.
USD/CAD bounced back from a low of 1.3501 to 1.3563, and gold price suffered minor losses at $1,663.39 an ounce. WTI oil futures rose to a high of $89.61 and closed at $89.08 a barrel. In the stock market, Meta Platforms (META) was struck by a lackluster earnings report, which made its prices drop 24.56%, currently at 97.94.
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
XAU 🔽
WTI 🔼
The latest interest rate decision from the European Central Bank aligned with market projections at 75 basis points, while the statement had indicated a more dovish approach to control inflation. Once again, EUR/USD plunged below parity to 0.9962. The British Pound fell to 1.1564 against the greenback, and AUD/USD closed lower at 0.6449.
On the other hand, Mitrade was informed that US GDP data exceeded expectations by growing 2.6% compared to the previous quarter, the strong readings displayed resilience in the US economy. As a result, the Federal Reserve should gain more confidence in announcing more aggressive rate hikes.
USD/CAD bounced back from a low of 1.3501 to 1.3563, and gold price suffered minor losses at $1,663.39 an ounce. WTI oil futures rose to a high of $89.61 and closed at $89.08 a barrel. In the stock market, Meta Platforms (META) was struck by a lackluster earnings report, which made its prices drop 24.56%, currently at 97.94.