Dollar / Yen currency pair still going strong
EUR/USD 🔼
GBP/USD 🔽
AUD/USD ▶️
USD/CAD 🔽
USD/JPY 🔼
XAU ▶️
WTI 🔼
Despite slowing against other major currencies, USD/JPY still reached 138.69 - a similar high as July, while USD/CAD declined and stabilized at 1.3000 to close at 1.3011. As interest rate decisions from Australia, Canada, and Europe are about to roll out next week ahead of the Federal Reserve, these currencies are able to resist the hawkish comments by Fed officials.
EUR/USD moved up to 0.9995 with minor gains, failing to hold on above parity levels, as the market questions if raising interest rates are sufficient to curb raging inflation in Europe. The British Pound headed in the other direction, losing over 40 pips to 1.1707. AUD/USD traded flat at 0.6900 and was last traded at 0.6903.
Gold futures had a breathing space when the dollar and stock train slowed, it has recovered from a low of $1,731.4 to $1,749.7, only making negligible differences. Stalled Iranian nuclear talks have rekindled supply fears for crude oil, and WTI oil futures climbed to $97.01 a barrel, especially when the OPEC+ meeting next week could further reduce oil production.
More information on Mitrade website.
GBP/USD 🔽
AUD/USD ▶️
USD/CAD 🔽
USD/JPY 🔼
XAU ▶️
WTI 🔼
Despite slowing against other major currencies, USD/JPY still reached 138.69 - a similar high as July, while USD/CAD declined and stabilized at 1.3000 to close at 1.3011. As interest rate decisions from Australia, Canada, and Europe are about to roll out next week ahead of the Federal Reserve, these currencies are able to resist the hawkish comments by Fed officials.
EUR/USD moved up to 0.9995 with minor gains, failing to hold on above parity levels, as the market questions if raising interest rates are sufficient to curb raging inflation in Europe. The British Pound headed in the other direction, losing over 40 pips to 1.1707. AUD/USD traded flat at 0.6900 and was last traded at 0.6903.
Gold futures had a breathing space when the dollar and stock train slowed, it has recovered from a low of $1,731.4 to $1,749.7, only making negligible differences. Stalled Iranian nuclear talks have rekindled supply fears for crude oil, and WTI oil futures climbed to $97.01 a barrel, especially when the OPEC+ meeting next week could further reduce oil production.
More information on Mitrade website.