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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.