Imagination is more important than knowledge.
Euro dropped to $1.1780 as investors focusing on the slow vaccination rollouts across the European Union and signs that the U.S economy was rebounding from the pandemic faster than anticipated.
Pound shined to $1.3765 this morning on comments from the British industry's confederation suggesting expectations for retail sales turning positive in March for the first time since December 2019, shrugging off news that China sanctions to the U.K.
Japanese yen cascaded to 109.25 per dollar after U.S President Biden vowed to ensure America remains the most powerful economy in the world amid a race with China.
Loonie edged higher to 1.2580 against the greenback as a modest pick up in crude oil prices underpinned the commodity-linked currency.
Aussie recaptured $0.7610 as the upbeat mood on risk assets down the safe-haven U.S dollar, ignoring comments from Australia's ambassador to China, Fletcher, that “China has been exposed as quite unreliable as a trading partner and even vindictive".
Rand dipped to a low of 15.0875 before recovering to 14.95 per dollar on Thursday after the SARB kept lending rates unchanged 3.5%, despite a wave of rate increases by other emerging markets.
USD/MUR climbed back to 40.80(selling) on broad U.S dollar strength on the domestic market.
11:00 - GBP - Retail Sales (MoM)(Feb)
13:00 - EUR - German Ifo Business Climate Index (Mar)
14:00 - EUR - EU Leaders Summit