What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower
USD
EUR/USD
The Single currency pared gains from $1.1370 to $1.1300 undermined by a jump in U.S. Treasury yields overnight, as investors bet on an early U.S. Federal Reserve interest rate hike.
GBP/USD
The Cable ran out of steam to $1.3473 as Covid, Brexit and U.K. politics weighed on the pound.
USD/JPY
The Japanese yen fell to 115.79 per U.S. dollar, for the first time since January 2017, on expectations that the Federal Reserve will be aggressive in fighting inflation.
AUD/USD
The Aussie dollar cascaded to $0.7215 although Chinese data released earlier in the day showed that the Caixin manufacturing purchasing managers index for December was better-than-expected.
USD/CAD
The Loonie pared gains to 1.2729 against the greenback amid fears of a reduction in the global energy demand.
USD/ZAR
The South African rand strengthened to 15.82 per U.S. dollar as an upbeat mood lifted assets globally.
USD/MUR
The dollar-rupee kicks off the year idled at 43.55(selling).
