“Do more of what works and less of what doesn’t.”
USD
EURUSD
The shared currency threatened to hit $0.9900 this morning, for the first time since Oct. 6, ahead of Thursday's European Central Bank policy meeting.
GBPUSD
The cable recovered to $1.1280 on the back of hopes for an end to political turmoil in the U.K., mainly boosted by the appointment of the new PM, Rishi Sunak, who won investors' trust with his broad knowledge of the financial markets.
USDJPY
The Japanese Yen sidelined at 149 per U.S dollar after rallying to a high of 145.28 within minutes on Friday in a move that suggested the Bank of Japan, acting for Japan's Ministry of Finance, had stepped in again.
AUDUSD
The Australian Dollar rose to 0.6324 against the greenback after U.S. S&P flash PMI data overnight showed U.S. business activity contracting for a fourth straight month in October, the latest evidence of a slowing U.S. economy in the face of high inflation and rising interest rates.
USDCAD
The Canadian Dollar lost slightly against the greenback despite the risk-off mood still dominating the market.
USDZAR
The South African Rand extended losses to 18.47 per dollar, pulled down by the global uncertain environment whilst attention turns to the South African mid-term budget this Wednesday.
USDMUR
The dollar-rupee fell to 44.25 (Selling) on Central Bank Intervention
17:00 - USD - Housing Price Index (MoM)(Aug)
