“Risk comes from not knowing what you’re doing.”
USD
EURUSD
The Shared currency slipped to $0.9720 although the latest comments from the European Central Bank and the US Federal Reserve policymakers suggested hawkish play at both the key global central banks, but the ECB’s Quantitative Tightening is considered a step ahead of the Fed.
GBPUSD
The Cable pared some of its previous day's gains to $1.1270 as Kwasi Kwarteng was forced to goodbye as the British Chancellor. His resignation and U-turn on the tax proposal, as well as a rethink on several aspects of the “mini-budget”, seems to have underpinned the sterling.
AUDUSD
The Australian dollar dropped to $0.6230 amid fears of more Chinese COVID lockdowns.
USDCAD
The Canadian dollar ticked higher to 1.3825 against the greenback as crude prices rebounded, while US dollar bulls were on a slight retreat.
USDJPY
The Japanese yen drowned to a 32-year low at 148.70 versus the U.S dollar as markets awaited signs of intervention from Japanese authorities.
USDZAR
The South African rand was pressured to 18.25 per greenback weighed down by demand for safe-haven assets, amid global recession worries.
USDMUR
The dollar-rupee rose by 10 cents to 44.35(Selling)) on Monday.
