As the market awaits tonight’s US inflation data, investors continue to anticipate further easing in price levels, with year-on-year readings in March dropping from 6.0% to 5.2%. Meanwhile, the greenback weakened against other major currencies. EUR/USD climbed 51 pips to 1.0910, and GBP/USD advanced 43 pips to 1.2424. AUD/USD added 13 pips to 0.6650.
The Bank of Canada will announce its interest rate decision this evening, with Mitrade anticipating no changes to the current 4.50% rate level. USD/CAD declined 60 pips to 1.3466, and USD/JPY edged up 5 pips to 133.65.
Spot gold gained
12
to
2
,003.61 an ounce, and WTI oil futures increased $1.79 to $81.53 a barrel. Bitcoin and Ethereum slipped to
30
,143.0 and
1
,881.22 respectively.
The Dow Jones Industrial Average rose 98 points to 33,684, and the S&P 500 slid 1 point to 4,108. The Nasdaq 100 dropped 87 points to 12,964.
The Bank of Canada will announce its interest rate decision this evening, with Mitrade anticipating no changes to the current 4.50% rate level. USD/CAD declined 60 pips to 1.3466, and USD/JPY edged up 5 pips to 133.65.
Spot gold gained
12
to
2
,003.61 an ounce, and WTI oil futures increased $1.79 to $81.53 a barrel. Bitcoin and Ethereum slipped to
30
,143.0 and
1
,881.22 respectively. The Dow Jones Industrial Average rose 98 points to 33,684, and the S&P 500 slid 1 point to 4,108. The Nasdaq 100 dropped 87 points to 12,964.