It’s not that I’m so smart; it’s just that I stay with problems longer.
The single currency surged to $1.2128, on broad U.S weakness, after U.S. retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel.
Sterling nosedived to a one-month low at $1.4032 on Tuesday as Brexit woes continue as EU citizens face no right to remain in the UK, creating legal chaos before recovering to $1.4090.
The Japanese yen tumbled to 110.06 against the dollar, highly anticipating the outcome of the U.S. Federal Reserve's two-day policy meeting for hints of plans to start tapering its bond purchases.
Loonie hammered to fresh monthly lows above 1.2200 per dollar, despite West Texas Intermediate's barrel trading at its highest level since October 2018 at $72.
The Aussie plummeted to $0.7692 on news that OZ Trade Minister Dan Tehan said that his government is legally preparing itself before asking the World Trade Organization to resolve its wine-tariff trade dispute with Beijing. China in March imposed tariffs of up to 218% on Australian wine for five years.
Rand climbed to 13.76 per greenback amid South African financial markets will be closed for a public holiday on Wednesday, when the Federal Reserve will release its statement.
The local pair untouched at 41.20(selling) on the local market.
10:00 - GBP - CPI(YoY)(May)
16:30 - USD - Building Permits
18:30 - USD - Crude Oil Inventories
22:00 - USD - FOMC Meeting Minutes
22:00 - USD - Fed Interest Rate Decision