"There is nothing impossible to they who will try."
USD
EURUSD
The Single currency extended losses to $1.0545 despite hawkish rhetoric from the European Central Bank chair, Christine Lagarde, who stated during the weekend that bringing inflation back to 2% is essential.
GBPUSD
The Cable plunged to $1.1945 as the 'great progress' mentioned by Deputy Prime Minister Dominic Raab to the BBC regarding a new Brexit deal failed to cheer pound buyers.
USDJPY
The Japanese Yen collapsed to 136.35 against the greenback as Bank of Japan's governor nominee, Kazuo Ueda, stated that the existing loose monetary policy is appropriate, showing a stark contrast to the Federal Reserve's monetary policy tightening ambitions.
AUDUSD
The Australian Dollar tumbled to $0.6700, as major trading partner China is in a very awkward position and facing substantial alienation from other countries if significant support to Russia is provided in the current Ukraine-Russia war.
USDCAD
The Canadian Dollar nosedived to 1.3615 against the U.S. dollar as the latter obtained support from a slew of strong U.S. economic data last week, reinforcing the view for a prolonged hawkish Federal Reserve.
USDZAR
The South African Rand resumed its selloff against the greenback at 18.43, undermined by an international financial crime watchdog which added the country to their list of those requiring special scrutiny.
USDMUR
The U.S. dollar jumped to 46.80(selling) against the rupee.
14:00 EUR Business Climate
14:00 EUR Consumer Confidence
17:30 USD Durable Goods
21:00 EUR ECB's Lane Speech
21:30 USD Fed's Jefferson speech
