EUR/USD 🔽
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After several sluggish sessions, the US dollar recovered against other major currencies. USD/CAD closed 11 pips higher at 1.3407, and USD/JPY increased 66 pips to 128.54. Meanwhile, the US stock market was closed.

EUR/USD and AUD/USD declined over 10 pips to close at 1.0816 and 0.6954 respectively, and GBP/USD lost more than 20 pips to 1.2191. Later today, Mitrade expects the German year-on-year inflation rate to remain at 8.6%.

Spot gold prices retreated to $1,915.36 an ounce, and WTI oil futures traded lower to $78.81 a barrel. Bitcoin fell below the $21,000 level to $20,992.0.
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