Australian inflation rebounded in Q4
EUR/USD 🔼
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
USD/JPY 🔼
XAU 🔼
WTI 🔼
The latest quarterly inflation reading in Australia shows a minor uptick at 7.3%, which Mitrade expects the Reserve Bank of Australia could increase rate hikes. On the other hand, Australian retail sales in November rose from 0.4% to 1.4%. AUD/USD was down over 20 pips to 0.6887.
EUR/USD had minor gains at 1.0734, while GBP/USD declined to 1.2155. Both USD/CAD and USD/JPY increased more than 30 pips to 1.3423 and 132.25 respectively.
WTI oil futures traded slightly higher at $75.12 a barrel. Spot gold climbed to $1,876.97 an ounce, and Bitcoin reached $17,461.0.
The stock market enjoyed modest gains yesterday. The Nasdaq 100 rose 97 points (+0.88%) to 11,205. With the Dow Jones Industrial Average up 186 points (+0.56%) to 33,704, and the S&P 500 gaining 27 points (+0.70%).
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
USD/JPY 🔼
XAU 🔼
WTI 🔼
The latest quarterly inflation reading in Australia shows a minor uptick at 7.3%, which Mitrade expects the Reserve Bank of Australia could increase rate hikes. On the other hand, Australian retail sales in November rose from 0.4% to 1.4%. AUD/USD was down over 20 pips to 0.6887.
EUR/USD had minor gains at 1.0734, while GBP/USD declined to 1.2155. Both USD/CAD and USD/JPY increased more than 30 pips to 1.3423 and 132.25 respectively.
WTI oil futures traded slightly higher at $75.12 a barrel. Spot gold climbed to $1,876.97 an ounce, and Bitcoin reached $17,461.0.
The stock market enjoyed modest gains yesterday. The Nasdaq 100 rose 97 points (+0.88%) to 11,205. With the Dow Jones Industrial Average up 186 points (+0.56%) to 33,704, and the S&P 500 gaining 27 points (+0.70%).
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