The best way to grow is to recycle capital into new projects.
USD
EUR/USD
The single currency edged higher to $1.1765, despite downbeat German Ifo Business Climate indicator that fell to 99.4 in August. All eyes on European Central Bank monetary policy meeting at 15:30.
GBP/USD
Sterling popped to $1.3755, although The Independent quoted the UK’s head of the Co-op supermarket as saying, “Britain’s post-Brexit supply chain crisis could ‘cancel Christmas’ and continue to cause food shortages well into 2022.”
USD/JPY
Yen tumbled to 110.12 per dollar as data showed new orders for key U.S.-made capital goods were steady in July.
USD/CAD
The loonie consolidated around 1.2621 against the greenback, waiting for directional clues in Fed's monetary stimulus in Jackson Hole later.
AUD/USD
The Australian dollar retreated from one-week high at $0.7280 to $0.7260, unabated by Australia’s Q2 Private Capital Expenditure at 4.4% figures, crossing market consensus at 2.5%.
USD/ZAR
Rand vaulted to 14.96 per dollar, as a rebasing of gross domestic product by the statistics agency showed the economy was 11% bigger in 2020 than in the previous estimate.
USD/MUR
The dollar-rupee stayed put at 42.85(selling) on the local market.
15:30 - EUR - ECB Publishes Account of Monetary Council Meeting
16:30 - USD - GDP (QoQ)(Q2)
16:30 - USD - Initial Jobless Claims