“Losses are necessary, as long as they are associated with a technique to help you learn from them”
USD
EUR/USD
The Shared currency dropped sharply below $1.1300, weighed by risk-off tones following volatility on Ukraine Crisis.
GBP/USD
The Cable remained under pressure at $1.3595 this morning, as Britain is set to impose sanctions on Russia for breaching international law. Adding to that, Market will keep an eye on David Ramsden's speech from the Bank of England (BOE) later during the day.
USD/JPY
The Japanese yen rallied further to 114.68 against the greenback as investors rushed towards the safe-haven currency. Japanese Finance Minister will coordinate with G7 in dealing with the Ukraine situation. US 10-year Treasury yields also printed a five-day downtrend.
AUD/USD
The Aussie dollar held ground to $0.7205 as strength in global commodity prices helped offset some of the investor unease about Russia's incursion into eastern Ukraine.
USD/CAD
The Loonie traded on the back foot near 1.2750 against the U.S. dollar as oil prices struggled to keep gains.
USD/ZAR
The rand remained resilient at 15.18 versus the U.S dollar on high real domestic yields, strong terms of trade and fresh reform pledges from President Cyril Ramaphosa in its favour.
USD/MUR
The dollar-rupee zipped higher to 43.70(selling).
14:45 - GBP - BOE Ramsden's speech
18:45 - USD - PMI
19:00 - USD - Consumer Confidence
