“Risk comes from not knowing what you’re doing.”
USD
EUR/USD
The Shared currency lost ground to $1.0036 as the focus turned to upcoming CPI inflation data that is widely expected to set the tone for U.S. monetary policy in the near term.
GBP/USD
The Cable slipped to $1.1408 as the market is looking ahead to British finance minister Jeremy Hunt's planned fiscal statement on Nov. 17, with indications there will be a squeeze on public spending and potentially higher taxes.
USD/JPY
The Japanese yen faded to 146 against the U.S. dollar on the rise in U.S. bond yields as the focus turned to the US CPI today.
AUD/USD
The Aussie dollar lost momentum to $0.6422 on dovish remarks from RBA Deputy Governor Michele Bullock.
USD/CAD
The Canadian dollar dropped to 1.3530 against the greenback on sluggish oil prices and ahead of a speech from the Bank of Canada Governor Tiff Macklem.
USD/ZAR
The South African rand struggled at 17.76 against a broader USD strength as risk sentiment deteriorated in the market.
USD/MUR
The dollar-rupee wobbled at 44.25 (Selling) after the Bank of Mauritius intervened on Wednesday to inject USD 100 million into the foreign exchange domestic market.
17:30 - USD - CPI (MoM)(Oct)
17:30 - USD - Core CPI (MoM)(Oct)
17:30 - USD - Initial Jobless claims