Do one thing everyday that scares you
The common currency plummeted to $1.2150 this morning after recording a high of $1.2142 yesterday amid a spike in U.S. Treasury Bond yields as investors priced in monetary tightening by the Federal Reserve sooner than most expected just weeks ago.
The Cable slipped to $1.3952 after Bank of England Governor Andrew Bailey said in an interview that the central bank do expect a negative quarter in the first quarter of 2021.
The Japanese yen lost ground to 106.20 against the U.S dollar as the Bank of Japan Governor Haruhiko Kuroda cited that the risks to the Japanese economy and the inflation outlook remain skewed to the downside.
The Aussie dollar nosedived to $0.7840 as risk-off hits east following global market sell-offs, hence spurring demand for the safe-haven US dollar.
The south African’s rand fell sharply to 15.03 against the greenback, giving up the previous session’s despite the Finance Minister Tito Mboweni’s budget speech reassured some investors the country could avoid a full scale financial crisis.
The dollar-rupee unchanged at 40.15(selling) on the local market.
17:30 - USD - Personal Spending (MoM) (Jan)
17:30 - CAD - RMPI (MoM) (Jan)