“Every battle is won or lost before it’s ever fought”
USD
EURUSD
The single currency gained against the greenback at 1.0685, following the market expectations that the Fed shall decelerate their pace of rate hikes due to increasing recession fears.
GBPUSD
The cable rose to 1.2160 as UK implemented a price cap on energy prices to support households, and is having the spin-off effect of raising prices for other products, therefore potentially causing higher inflation.
USDJPY
The Japanese yen is trading around 131.75 against the greenback amid a shift in policy from the BoJ who widened the yield corridor on government bonds in a first step towards normalizing monetary policy.
AUDUSD
The Australian Dollar moved higher at 0.6935 against the US dollar as market participants cheered the Chinese borders’ opening, and hence, improved economic activities in the region.
USDCAD
The Canadian Dollar rose against the greenback to 1.3405 following a recovery in crude oil prices, as well as optimistic jobs data published last Friday.
USDZAR
The South African Rand edged higher at 17.05 on broader dollar weakness after Friday US jobs report data showing weaker-than-anticipated Average Hourly Earnings.
USDMUR
The dollar-rupee rose by 10 cents to 44.20(Selling)
