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The single currency soared to $1.2163 as Dallas Federal Reserve President Kaplan on Monday reiterated his view that he does not expect interest rates to rise until next year. Eurozone GDP could justify European Commission’s upbeat forecast.
The cable surged to $1.4170, although concerns on the final unlocking phase scheduled for June 21 as the Indian corona variant takes hold in part of England. U.K's claimant count for April and Unemployment Rate for three months to March will be the key to watch.
Yen spiked to 109.18 against the U.S counterpart despite Japan's economy shrank more than expected in the first quarter as a slow vaccine rollout, and new COVID-19 infections hit spending.
Aussie swarmed up to $0.7786 amid optimistic remarks from Australia Treasury Sec. Kennedy that the Australian economy recovery is stronger than in many other countries.
The oil-related loonie moved to a fresh high at 1.2041 per dollar, after the Empire State report from the New York Federal Reserve showed a survey record high of prices paid by manufacturers in New York state as materials producers struggle to keep up with booming demand.
South African rand climbed to 14.05 against the greenback as fears of a new wave of COVID-19 infections in Asia dampened demand for emerging market currencies. Local interest rate decision on Thursday may provide fresh impetus.
The domestic pair sat tight at 40.88(Selling) this morning.
10:00 - GBP - Average Earnings Index + Bonus (Mar)
10:00 - GBP - Claimant Count Change (Apr)
16:30 - USD - Building Permits (Apr)