It is better to fail in originality than to succeed in imitation.
The Shared currency tumbled to $1.1850 after the U.S. preliminary Markit Purchasing Managers Index reported better than expected activity data in both, the services and manufacturing sectors, boosting confidence in the resilience of the U.S. economy.
The Cable firmed at $1.3335 on positive news about a potential COVID-19 vaccine and investors bet Britain and the European Union would clinch a Brexit trade deal.
The Japanese yen lost ground to 104.40 against the U.S dollar following comments from the bank of Japan's Governor Haruhiko Kuroda who reiterated the central bank’s readiness to implement additional easing measures, if needed.
The Aussie dollar unbothered at $0.7317 after the Reserve Bank of Australia's (RBA) Deputy Governor Guy Debelle stated a lack of conviction in negative interest rate policy as a tool to boost inflation and employment.
South Africa's rand edged up to 15.35 versus the U.S dollar as investors breathed easier after U.S. President Donald Trump accepted the start of a transition to Biden administration.
The dollar-rupee surged by 15 cents to 40.35(selling), following intervention from the central bank on the domestic market.
11:00 - EUR - German GDP (QoQ) (Q3)
13:00 - EUR - German Ifo Business Climate Index
18:00 - EUR - ECB President Lagarde Speaks
19:00 - USD - CB Consumer Confidence (Nov)