EUR/USD reached a 7-month high

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Major currencies continued their rally against the US dollar. EUR/USD rose to a 7-month high of 1.0759, then closed at 1.0728. GBP/USD added over 80 pips to 1.2183, and AUD/USD has modest gains at 0.6911.

Inflation in Tokyo climbed to 4% in December, the highest level in four decades. Meanwhile, USD/JPY decreased 20 pips to 131.88, and USD/CAD fell 55 pips to 1.3387.

Spot gold gained $5 to $1,871.79 an ounce. WTI oil futures traded slightly higher at $74.63 a barrel. Bitcoin retreated from $17,400, currently at $17,212.0.

Although the Nasdaq 100 climbed 68 points (+0.62%) to 11,108, the S&P 500 only lost 2 points (-0.08%) to 3,892, and the Dow plunged 112 points (-0.34%) to 33,517.

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