Investors surprised by Australia’s rate hike
On Tuesday, the Reserve Bank of Australia raised interest rates by 25 basis points to 3.85%, to control inflation. The decision was not expected by investors. AUD/USD then added 31 pips to 0.6661.
The Eurozone year-on-year inflation rate was 7.0% as expected by Mitrade. EUR/USD increased 24 pips to 1.0999, and GBP/USD slipped 32 pips to 1.2464. USD/CAD rose 83 pips to 1.3625, and USD/JPY dropped 95 pips to 136.53.
Spot gold surged 35 to
2
,016.72 an ounce, and WTI oil futures fell $4.04 to $71.66 a barrel. Bitcoin and Ethereum are currently trading higher at
28
,548.0 and
1
,863.61 respectively.
The S&P 500 declined 48 points to 4,119, and the Dow Jones Industrial Average plunged 367 points to 33,684. The Nasdaq 100 closed 117 points lower at 13,113.
The Eurozone year-on-year inflation rate was 7.0% as expected by Mitrade. EUR/USD increased 24 pips to 1.0999, and GBP/USD slipped 32 pips to 1.2464. USD/CAD rose 83 pips to 1.3625, and USD/JPY dropped 95 pips to 136.53.
Spot gold surged 35 to
2
,016.72 an ounce, and WTI oil futures fell $4.04 to $71.66 a barrel. Bitcoin and Ethereum are currently trading higher at
28
,548.0 and
1
,863.61 respectively. The S&P 500 declined 48 points to 4,119, and the Dow Jones Industrial Average plunged 367 points to 33,684. The Nasdaq 100 closed 117 points lower at 13,113.