“If you personalize losses, you can’t trade.”
USD
EUR/USD
The Shared currency cascaded to $ 1.0840 on dovish ECB amid rising inflation and at the same time on a more aggressive tone from the FED on their policy stance.
GBP/USD
The Cable fell to $ 1.3027 as the monetary policy divergence widened between the FED and the BOE. Governor Andrew Bailey stuck its cautious tone, wary about growth prospects amid a rising inflation and weak labor market.
USD/JPY
The Japanese yen gained to 128.15 as reports stated that Prime Minister Fumio Kishida’s administration will compile another comprehensive relief package.
AUD/USD
The Aussie dollar retraced to $0.7337 as People’s Bank of China (PBOC) Governor Yi Gang said on Friday that the country’s financial markets are not immune to external shocks amid disappointing inflation data from New Zealand.
USD/CAD
The Canadian dollar witnessed some pullback towards 1.2600 amid a stronger dollar as investors await retail sales data later during the day.
USD/ZAR
South Africa's rand remained on the backfoot at 15.39 as severe power cuts and deadly floods weighed on the economic growth outlook. Annual inflation had come in slightly below expectations at 5.9%, another factor acting against the rand.
USD/MUR
The dollar-rupee remained unchanged at 43.50(Selling) on the local market.
12:00 - EUR - Global Services & Manufacturing
12:30 - GBP - Global Services & Manufacturing
16:30 - CAD - Retail Sales
17:00- EUR - ECB's President Lagarde speech
18:30 - GBP - BOE's Governor Bailey speech
