Don't be afraid to give up the good to go for the great
The Shared currency rose to a 2 year high at $1.2120 as investors wagered that more economic stimulus from Washington and the expected start of COVID-19 vaccinations would support riskier assets.
The Cable lost ground to $1.3386 as Britain and the European Union quickly approached a make-or-break moment in trade talks, with many investors doubting a deal will be reached.
The Japanese yen stayed put at 104.45 against the greenback following Japan’s services Purchasing Managers' Index came in at 47.8 in November, little changed from October’s figure of 47.7.
The Aussie dollar reached highest level since 2018 at $0.7410 as investors anticipate the imminent arrival of coronavirus vaccines would help spur a global economic recovery in coming months.
South Africa's rand weakened to 15.31 against the U.S dollar after a recent global rally in risk currencies lost steam and as a local dispute between the government and public sector unions over wage increases kept investors cautious.
The dollar-rupee firmed at 40.30(selling) unfazed by international price movements.
13:30 - GBP - Composite PMI (Nov)
13:30 - GBP - Services PMI (Nov)
17:30 - USD - Initial Jobless claim
19:00 - USD - ISM Non-Manufacturing PMI (Nov)