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The Shared currency snapped back to $1.2123 as the German ZEW headline numbers failed to impress buyers ahead of U.S CPI data due later today.
The Cable unimpressed at $1.4125 despite UK Preliminary GDP beats estimates with -1.5% QoQ in Q1.
The Japanese yen ticked down to 108.85 versus the U.S dollar after the Bank of Japan policymakers warned of the risk to the recovery as the pandemic curbs negatively impact service consumption.
The Aussie dollar lost ground to $0.7802, with investors continuing to digest Australia’s big-spending budget, which was handed down on Tuesday.
The Loonie firmed at 1.2115 against the U.S dollar as the divergence in monetary policies adopted by the Bank of Canada and the Federal Reserve continued acting as a headwind for the pair.
South Africa's rand touched a 16-month high at 13.93 per U.S dollar, helped by S.A manufacturing figures that were far stronger than expected.
The dollar-rupee meandered at 40.85(Selling) on the local market.
13:00 - GBP - BoE Gov Bailey Speaks
16:30 - USD - Core CPI (MoM) (Apr)
18:30 - USD -Crude Oil Inventories