We must never forget that the highest appreciation is not to utter words but to live by them.
The single currency clawed back losses from $1.2075 to $1.2135 as optimism that a massive U.S. stimulus package under the new Joe Biden administration is growing. ECB monetary policy decision and euro high exchange rate are eyed for 16:45 (local time).
Sterling popped to $1.37 following inflation data for December showed that prices in the UK picked up by more than expected in December, to a 0.6% annual rate.
Japanese Yen rallied to 103.40 against the greenback, following Bank of Japan stayed put as expected, marginally upgrading its growth forecast for fiscal 2021.
Australian dollar rocketed to $0.7772 buoyed by a solid rise in employment in December as strength in consumer spending and housing helped drive the jobless rate down to 6.6%.
South African rand jostled to 14.87 per dollar, shrugging off South African consumer inflation data that dipped to 3.1% in December from 3.2% in November. Attention turns to the South African Reserve Bank's interest rate decision today.
The dollar-rupee faltered at 39.95(selling) following Bank of Mauritius' intervention on the domestic market.
16:45 - EUR - Deposit Facility Rate (Jan)
16:45 - EUR - ECB Interest Rate Decision
17:30 - USD - Building Permits (Dec)
17:30 - USD - Initial Jobless Claims
17:30 - USD - Philadelphia Fed Manufacturing Index (Jan)
17:30 - EUR - ECB Press Conference