“Extraordinary things are always hiding in places people never think to look.”
USD
EUR/USD
The Single Currency dropped slightly to $ 1.0325 against the dollar ahead of European GDP data due later today, while ECB member Francois Villeroy de Galhau stated that they will probably continue to raise rates, buy may do so in a more flexible and possibly less rapid manner.
GBP/USD
The Cable traded sideways around $1.1790 ahead of key UK employment report today.
USD/JPY
The Japanese yen fell sharply to 140 following the rise in US Treasury bond yield. As per the BOJ Governor’s speech, the economy is recovering while keeping an eye on Fx volatility and impact of raw material inflation is important.
AUD/USD
The Australian dollar edged higher around $0.6713 following RBA’s hawkish comments about the possibility of 50bps rate hike to contain inflation mess.
USD/CAD
The Canadian dollar marched firmly toward 1.3300 following Fed official hawkish remarks ahead of Canadian CPI and GDP data throughout the week.
USD/ZAR
The South African rand stayed put around 17.24 as the South African market awaits data on retail sales on Wednesday.
USD/MUR
The dollar-rupee remained idle at 44.20(Selling)
11:00 - GBP - ILO Unemployment Rate (3M)(Sep)
14:00 - EUR - Employment Change (YoY)(Q3) PREL
17:30 - USD - Producer Price Index
17:30 - CAD - Manufacturing Sales (MoM)(Sep)
18:00 - USD - Fed's Cook speech
21:30 - EUR - ECB's Elderson Speech
