“Yesterday’s home runs don’t win today’s games.
USD
EUR/USD
The Shared currency slipped to $1.0511 after U.S. producer inflation data for November came in slightly hotter than expected, bolstering the case for continued interest rate hikes by the Federal Reserve even if at a slower pace.
GBP/USD
The Cable faltered to $1.2224 as the United Kingdom's economy is in a recession led by an extreme debt crisis, weak economic prospects, and an absence of exhaustion in inflation ahead of the BOE rate decision.
USD/JPY
The Japanese yen edged lower to 137.04 against the U.S. dollar as BOJ policymaker Hajime Takata said in an interview that Japan's economy is not yet in a phase where the central bank can end yield curve control.
AUD/USD
The Aussie dollar dropped to $0.6765 as caution reigned ahead of U.S. inflation data and a flurry of rate decisions from global central banks this week.
USD/CAD
The Loonie lost ground to 1.3653 against the U.S. dollar despite firmer prices of Canada’s key export item as traders turn cautious ahead of a speech from Bank of Canada Governor Tiff Macklem.
USD/ZAR
The South African rand fell to 17.36 per U.S dollar as power utility Eskom extended scheduled electricity cuts into the weekend and U.S. producer inflation data supported the dollar.
USD/MUR
The dollar-rupee stayed put at 44.10 (Selling).
11:00 - GBP - GDP (QoQ)
