US dollar weakens ahead of Fed rate decision
EUR/USD 🔽
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔽
USD/JPY 🔽
XAU 🔽
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The Federal Reserve interest rate decision will be announced on Wednesday, with Mitrade anticipating a 25 basis point increase. The US Dollar Index fell to a nine-month low of 101.56, currently at 101.95.
USD/CAD dropped 11 pips to 1.3309, and USD/JPY traded below the 130.0 level to 129.85, losing 36 pips. On the other hand, EUR/USD lost 22 pips to 1.0867, and GBP/USD declined 10 pips to 1.2397. AUD/USD decreased 11 pips to 0.7103.
Spot gold increased slightly to $1,928.15 an ounce, and WTI oil futures slipped below $80.00 to $79.68 a barrel. Bitcoin and Ethereum rose to $23,659.0 and $1,638.33 respectively.
The Nasdaq 100 climbed 115 points (+0.96%) to 12,166, while the S&P 500 added 10 points (+0.25%) to 4,070, and the Dow Jones Industrial Average moved up 28 points (+0.08%) to 33,978.
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔽
USD/JPY 🔽
XAU 🔽
WTI 🔽
BTC 🔼
ETH 🔼
The Federal Reserve interest rate decision will be announced on Wednesday, with Mitrade anticipating a 25 basis point increase. The US Dollar Index fell to a nine-month low of 101.56, currently at 101.95.
USD/CAD dropped 11 pips to 1.3309, and USD/JPY traded below the 130.0 level to 129.85, losing 36 pips. On the other hand, EUR/USD lost 22 pips to 1.0867, and GBP/USD declined 10 pips to 1.2397. AUD/USD decreased 11 pips to 0.7103.
Spot gold increased slightly to $1,928.15 an ounce, and WTI oil futures slipped below $80.00 to $79.68 a barrel. Bitcoin and Ethereum rose to $23,659.0 and $1,638.33 respectively.
The Nasdaq 100 climbed 115 points (+0.96%) to 12,166, while the S&P 500 added 10 points (+0.25%) to 4,070, and the Dow Jones Industrial Average moved up 28 points (+0.08%) to 33,978.
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