As the market awaits the latest minutes from the Federal Reserve's policy meeting, recent strong economic data raised Mitradess anticipation for more Fed hawkish measures. The US 10-year Treasury yield then rebounded 13.8 basis points to 3.953%, sending spot gold $6 lower to $1,835.04 an ounce.
Therefore, the US stock market dropped over 2% on Tuesday, the poorest performance year in 2023 so far, with the Nasdaq 100 plunging 297 points (-2.41%) to 12,060. The Dow Jones Industrial Average also fell 697 points (-2.06%) to 33,129, and the S&P 500 lost 81 points (-2.00%) to 3,997.
EUR/USD dropped 36 pips to 1.0646, and AUD/USD fell 53 pips to 0.6852, but GBP/USD rose 77 pips to 1.2115. USD/CAD surged 86 pips to 1.3537, and Canada recorded a 0.3% month-on-month increase in its core inflation levels. USD/JPY added 76 pips to 134.99.
WTI oil futures closed slightly lower at $76.36 a barrel. Bitcoin and Ethereum were last traded lower at $24,316.0 and $1,644.19 respectively.
Therefore, the US stock market dropped over 2% on Tuesday, the poorest performance year in 2023 so far, with the Nasdaq 100 plunging 297 points (-2.41%) to 12,060. The Dow Jones Industrial Average also fell 697 points (-2.06%) to 33,129, and the S&P 500 lost 81 points (-2.00%) to 3,997.
EUR/USD dropped 36 pips to 1.0646, and AUD/USD fell 53 pips to 0.6852, but GBP/USD rose 77 pips to 1.2115. USD/CAD surged 86 pips to 1.3537, and Canada recorded a 0.3% month-on-month increase in its core inflation levels. USD/JPY added 76 pips to 134.99.
WTI oil futures closed slightly lower at $76.36 a barrel. Bitcoin and Ethereum were last traded lower at $24,316.0 and $1,644.19 respectively.