“The biggest risk is not taking a risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
USD
EUR/USD
The single currency dropped to $1.0283 while the dollar benefited from safe-haven demand on fears of a potential escalation in the Russia-Ukraine conflict.
GBP/USD
The Cable upside remained capped at $1.1817 on the back of a stronger U.S dollar amid uncertainty over the release of the US Durable Goods Orders data.
USD/JPY
The Japanese yen slipped to 140.25 against the U.S dollar with the influence of JPY CPI of 3.7% and the US bond yield dropped. Focus is now on Russia and Ukraine embroglio and China Covid situation.
AUD/USD
The Aussie dollar tumbled towards $0.6650 despite signs of stability on interest rates from the People’s Bank of China as China logged a record jump in daily COVID cases.
USD/CAD
The Canadian dollar weakened against its U.S. counterpart to 1.3420 as oil prices fell and data showed the largest divestment of Canadian securities by foreign investors in nearly four years.
USD/ZAR
The rand remained stable at 17.30 after Standard & Poor's rating agency kept South Africa's credit ratings unchanged. Its outlook remains "positive".
USD/MUR
The dollar-rupee unbothered at 44.15 (Selling).
