No great discovery was ever made without a bold guess.
The single currency spiked to $1.2060 for the first time since March 4 following the announcement that the European Union has secured an additional 100 million doses of COVID-19 vaccine by BioNTech and Pfizer speculation that the Federal Reserve could tone down its dovish policy guidance.
The pound gained strong positive traction to $1.3993 on optimism concerning the U.K.'s economic recovery, backed by faster vaccinations. Market awaiting the U.K.'s employment figures for fresh impulse.
Yen refreshed gains to a 6-week high at 107.95 per dollar on Monday as reduced Fed rate hike bets continued forming a backdrop on the U.S dollar.
The Aussie extended last week's upturn to $0.7790 despite dovish RBA's minutes of last meeting and PBOC Interest Rate Decision unchanged.
South African rand spurred to 14.20 per dollar on higher demand for commodities as global sentiment improved with the falling COVID-19 infections.
The local currency pair pulled back to 40.80(selling) following the Bank of Mauritius' intervention on the domestic market.