I'm no genius, but I'm smart in spots, and I stay around these spots.
The single currency fell sharply from a high of $1.1917 to $1.1795 on announcement that E.U. imposed $4 billion in tariffs on U.S. products, prolonging Trump trade war, effective today.
The cable spiked to $1.3187 on comments from British finance minister Sunak on Monday, echoed Prime Minister Johnson, that Britain and the European Union have made significant progress in talks about a post-Brexit trade agreement.
The safe currency Yen took a drubbing to a low of 105.36 versus the greenback on news of the development of a coronavirus vaccine which raised optimism of a global economic recovery.
The Australian dollar marginally higher at $0.7285 as market cautiously welcome coronavirus vaccine news.
The South African rand surged to 15.40 against the dollar, on drugmaker Pfizer's announcement that its trial vaccine has been 90% effective based on initial trials in preventing COVID-19, raising optimism of a global recovery roadmap.
The dollar-rupee remains afloat at 40.35(selling) on the local market.
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