In the darkest times, that's when you should create.
The single currency plunged 100 pips to $1.1270 after a surge in new coronavirus cases in the United States further undermined the case for a quick economic recovery. Eurozone EcoFin Meeting is set today where the finance ministers may move closer to fiscal integration.
The cable lost grounds from $1.2670 to $1.2587, succumbed to Brexit uncertainty while UK turns down EU coronavirus vaccine scheme.
The safe-haven yen surged to 106.93 against the dollar amid broad-risk aversion following political uncertainty is unfolding in the wake of the Supreme Court ruling on President Donald Trump’s financial records.
The Aussie ran out of puff from $0.70 to $0.6936 as China retaliated to Australia's decision to suspend its extradition treaty with Hong Kong and moves to attract businesses from the Asian financial hub, by imposing tariffs on some Australian goods including beef and barley.
The rand soared to 16.87 per dollar, buoyed by a rally in riskier assets globally, even as South Africa’s manufacturing output fell 49.4% year on year in April, reflecting the impact of a nationwide lockdown on the recession-hit economy.
On the domestic market, the dollar-rupee stayed put at 40.20(selling), unabated by international market movements.
16:30 - USD - PPI (MoM)(Jun)
16:30 - CAD - Employment Change (Jun)