US dollar weakens ahead of Fed rate decision

150
EUR/USD 🔽
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.

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.