The Dollar set lower against all but one of its 16 most-traded counterparts. After the Reserve Bank of Australia unexpectedly raised interest rate from 3 to 3.25% the stocks boosted all over the world and caused the Dollar to weaken. Stocks in Europe rose more than 2.50% on average and in New York, the main indexes ended with gains around 1.35%. Crude oil posted moderate gains, rising only 0.60% closing at 71.16$ a barrel. Gold (XAU) also was boosted and rose to 1045$ an ounce, posting a historical high but closing at 1041$ an ounce. Today, The MBA Mortgage Applications is coming out; previous reading was at -2.8%. The Consumer Credit is expected at -10.5B vs. -21.6B previously.
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