UK budget deficit in February exceeds $20 billion
Public spending in the UK has exceeded government revenue by 16.7 billion pounds ($20 billion), aggravating the financial woes of the British government. Later today, Mitrade expects the UK year-on-year inflation rate to increase by 9.9%, slightly lower than 10.1% last month. GBP/USD then declined 62 pips to 1.2214, and AUD/USD fell 50 pips to 0.6668.
EUR/USD increased 48 pips to 1.0767. USD/JPY climbed 118 pips to 132.49, and USD/CAD added 49 pips to 1.3713. Canada's month-on-month core inflation rate slowed to 0.5% in February, lower than market estimates.
Spot gold dropped $38.31 to $1,940.64 an ounce, and US WTI crude futures traded $1.85 higher to $69.67 a barrel. Bitcoin and Ethereum rose to $28,009.0 and $1,790.96 respectively.
The Nasdaq 100 advanced 178 points to 12,741. The S&P 500 added 51 points to 4,002, and the Dow Jones Industrial Average surged 316 points to 32,560.
EUR/USD increased 48 pips to 1.0767. USD/JPY climbed 118 pips to 132.49, and USD/CAD added 49 pips to 1.3713. Canada's month-on-month core inflation rate slowed to 0.5% in February, lower than market estimates.
Spot gold dropped $38.31 to $1,940.64 an ounce, and US WTI crude futures traded $1.85 higher to $69.67 a barrel. Bitcoin and Ethereum rose to $28,009.0 and $1,790.96 respectively.
The Nasdaq 100 advanced 178 points to 12,741. The S&P 500 added 51 points to 4,002, and the Dow Jones Industrial Average surged 316 points to 32,560.