Bank of Canada halts rate hikes
The Bank of Canada just announced its interest rate decision - leaving as it is at 4.50%. While the decision has been expected by Mitrade, it is also the first major central bank to put an end to months of rate hikes. USD/CAD then added 50 pips to 1.3804, and USD/JPY added over 20 pips to 137.34.
Though EUR/USD slipped 6 pips to 1.0544, GBP/USD managed to add 12 pips to 1.1842, and AUD/USD closed 5 pips higher to 0.6586. Bitcoin and Ethereum just fell to $21,743.0 and $1,537.22 respectively.
As investors await the US Nonfarm Payrolls report on Friday, spot gold declined slightly to $1,813.86 an ounce. Despite a drop in crude oil inventories by 1.69 million barrels, WTI oil futures dropped $1.2 to $76.66 a barrel.
The Nasdaq 100 climbed 63 points (+0.52%) to 12,215, and the S&P 500 edged up 5 points (+0.14%) to 3,992. The Dow Jones Industrial Average decreased 58 points (-0.18%) to 32,798. #OPINIONLEADER#
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