A strong positive self image is the best possible preparation for success in life
The Shared currency burst to $1.1881 under the weight of worries that the U.S. economic recovery may lag other countries due to a high level of coronavirus infections, as investors looked to upcoming data on the U.S. labor market.
The Pound sterling surged to $1.3180 as the Bank Of England refrained from taking any further action and left its benchmark interest rate at an all-time low of 0.1%.
The Japanese yen gained to 105.51 against the greenback as below than expected U.S. jobs data hammered the dollar while increasing worries about a recovery in the pandemic-ravaged global economy kept demand for the haven currency.
The Aussie dollar cheered to a high of $0.7141 on U.S dollar weakness, before retreating to $0.7200 on downbeat comments from Australia’s PM Scott Morrison.
The South African rand gained to 17.27/dlr thanks to a weaker U.S dollar, while stocks jumped to a more than five-week high led by gold miners.
The Mauritian rupee stayed put at 40.15(Selling) following the intervention from the central bank on the domestic market.
12:30 - GBP - Construction PMI (JUl)
15:30 - GBP - BoE Gov Bailey Speaks
16:30 - USD - Initial Business claims