I find that the harder I work, the more luck I seem to have
The Shared currency struggled at $1.1765 as the prospect of stricter coronavirus curbs in France and Germany dimmed the European economy's short-term outlook.
Sterling dropped back to $1.3774 from a high of $1.3850 on Monday after the Biden administration has warned it could slap 25% tariffs on British exports to the U.S. after the U.K. levied a digital services tax on significant technology companies.
The yen fell off the cliff to 109.94 versus the greenback climbing Treasury yields, the quickening U.S. COVID-19 vaccination rollout and massive U.S. stimulus measures all flaming inflation concerns.
The Canadian dollar rose to 1.2586 as shipping traffic resumed through the Suez Canal and attention switched to an OPEC meeting this week.
The Aussie dollar drifted higher to $0.7651, supported by optimism on global economic recovery and China growth prospects.
Rand reversed last week losses to 14.87/DLR as hopes of a faster economic recovery added on to positive global cues.
The dollar-rupee reaped to 40.85(selling) as increasing demand from local importers lifted demand for the U.S. dollar.
18:00 - USD - CB Consumer Confidence