Trading is a game of probabilities. You don't have to be right every time. You just have to follow your rules.
The Shared currency surged to $1.2297 over bets that a global economic recovery in 2021 will pull money into riskier assets, even as the growing U.S. ‘twin deficits’ of a huge budget increase and trade deficits argue for an ever-cheaper greenback.
The Cable extended gains to $1.3626 as UK House of Lords approved the Brexit trade deal during early Thursday in Asia.
The Yen extended gains to 103.13 against the U.S dollar ignoring a closed Japanese market while cheering the US dollar weakness.
The Aussie dollar pair cheered upbeat risk-on mood to $0.7703 while also taking positive clues from the mixed readings of China’s official Purchasing Manager’s Index (PMI) for December.
South Africa's rand firmed at 14.61 against the U.S dollar driven by continued hopes for deeper fiscal stimulus in the United States and lingering optimism about coronavirus vaccines.
The dollar-rupee unfazed by international movements at 39.83 (selling) on the domestic market.
17:30 - USD - Initial Jobless claim