Preliminary agreement reached on US debt ceiling
US President Biden has announced Republican congressional leaders have agreed to raise the debt ceiling, though Congress has not passed it yet. Meanwhile, US quarter-on-quarter GDP rose by 1.3%, higher than Mitrade's estimate of 1.1%. USD/CAD closed higher at 1.3611, and USD/JPY climbed to 140.60.
EUR/USD declined to 1.0719, with German quarter-on-quarter GDP contracting by 0.3%. GBP/USD retreated to 1.2340, and AUD/USD slipped to 0.6522.
Spot gold fell to $1,945.74 an ounce, and WTI oil futures enjoyed minor gains and closed at $72.67 a barrel. Bitcoin and Ethereum advanced to $28,198.0 and $1,916.82 respectively.
The Nasdaq 100 surged 359 points to 14,298. The S&P 500 added 54 points to 4,205, and the Dow Jones Industrial Average increased 328 points to 33,093.
EUR/USD declined to 1.0719, with German quarter-on-quarter GDP contracting by 0.3%. GBP/USD retreated to 1.2340, and AUD/USD slipped to 0.6522.
Spot gold fell to $1,945.74 an ounce, and WTI oil futures enjoyed minor gains and closed at $72.67 a barrel. Bitcoin and Ethereum advanced to $28,198.0 and $1,916.82 respectively.
The Nasdaq 100 surged 359 points to 14,298. The S&P 500 added 54 points to 4,205, and the Dow Jones Industrial Average increased 328 points to 33,093.