EUR/USD 🔽
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
USD/JPY 🔼
XAU 🔽
WTI 🔼
The new UK administration led by Liz Truss is under further scrutiny as the Home Secretary resigns, while price levels have risen by 10.1% last month - the highest level since 1990. Such news has brought down the British Pound to 1.1214 towards the US dollar. Eurozone also suffers from a 9.9% inflation rate, though slightly lower than the 10.0% forecast, EUR/USD declined to 0.9771.
Though the bond yield curve remains inverted, a rise in returns has fuelled the greenback's rise toward other major currencies. After minor oscillations, USD/CAD reached a closing price of 1.3764 with modest gains. USD/JPY is ever closer to the historical 150.0 level, after the currency pair closed at 149.89, and was last traded at 149.94.
Sluggish employment growth in Australia has surprised the market, original estimates were set for an increase of 25,000 jobs, but ended up with 9,000 only. As a result, AUD/USD fell from 0.6325 to 0.627. Gold price was weakened by the dollar’s strength, dropping to $1,629.16 an ounce. U.S. WTI crude futures climbed to $84.52, upon news of crude oil inventories depleting 1.72 million barrels.
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
USD/JPY 🔼
XAU 🔽
WTI 🔼
The new UK administration led by Liz Truss is under further scrutiny as the Home Secretary resigns, while price levels have risen by 10.1% last month - the highest level since 1990. Such news has brought down the British Pound to 1.1214 towards the US dollar. Eurozone also suffers from a 9.9% inflation rate, though slightly lower than the 10.0% forecast, EUR/USD declined to 0.9771.
Though the bond yield curve remains inverted, a rise in returns has fuelled the greenback's rise toward other major currencies. After minor oscillations, USD/CAD reached a closing price of 1.3764 with modest gains. USD/JPY is ever closer to the historical 150.0 level, after the currency pair closed at 149.89, and was last traded at 149.94.
Sluggish employment growth in Australia has surprised the market, original estimates were set for an increase of 25,000 jobs, but ended up with 9,000 only. As a result, AUD/USD fell from 0.6325 to 0.627. Gold price was weakened by the dollar’s strength, dropping to $1,629.16 an ounce. U.S. WTI crude futures climbed to $84.52, upon news of crude oil inventories depleting 1.72 million barrels.