The greenback recovered ahead of GDP result
EUR/USD 🔽
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USD/JPY 🔼
XAU 🔽
WTI 🔼
The latest GDP data from the US will be announced tonight, with Mitrade estimating a 2.9% quarterly increase, the same as last month. A minor relief from recession fears allowed the stock market to close higher. With the Dow Jones Industrial Average rising 526 points (+1.60%), the S&P 500 gained 56 points (+1.49%) and the Nasdaq 100 rebounded 163 points (+1.48%).
Meanwhile, the US dollar has strengthened against most major currencies. EUR/USD dropped to 1.0603, and GBP/USD plunged 100 pips to 1.2083, though the AUD/USD pair rose over 30 pips to 0.6706. USD/CAD suffered minor losses at 1.3609, and USD/JPY recovered more than 60 pips to 132.47.
Spot gold declined slightly to $1,814.3 an ounce. As US crude oil inventories decreased by 5.89 million barrels, WTI oil futures closed higher at $78.29 a barrel. Bitcoin retreated to 16,790, and just rebounded to 16,837.0.
GBP/USD 🔽
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔼
XAU 🔽
WTI 🔼
The latest GDP data from the US will be announced tonight, with Mitrade estimating a 2.9% quarterly increase, the same as last month. A minor relief from recession fears allowed the stock market to close higher. With the Dow Jones Industrial Average rising 526 points (+1.60%), the S&P 500 gained 56 points (+1.49%) and the Nasdaq 100 rebounded 163 points (+1.48%).
Meanwhile, the US dollar has strengthened against most major currencies. EUR/USD dropped to 1.0603, and GBP/USD plunged 100 pips to 1.2083, though the AUD/USD pair rose over 30 pips to 0.6706. USD/CAD suffered minor losses at 1.3609, and USD/JPY recovered more than 60 pips to 132.47.
Spot gold declined slightly to $1,814.3 an ounce. As US crude oil inventories decreased by 5.89 million barrels, WTI oil futures closed higher at $78.29 a barrel. Bitcoin retreated to 16,790, and just rebounded to 16,837.0.
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