All progress takes place outside the comfort zone
The Common currency dipped to $1.1707 as investors bet that the next leg of the fiscal stimulus and an aggressive vaccine rollout will boost the economic recovery in the U.S., ahead of the highly-anticipated Biden’s speech tonight.
The Pound tumbled to $1.3730, unable to shake off the U.S dollar advances despite the U.K. still being a trend-setter in vaccinations.
Yen extended losses to 110.88 versus the U.S dollar amid a spike in bond yields, as accelerating vaccinations and massive stimulus in the United States stoked inflation concerns.
The Lonnie lost ground to $1.2617 amid deterioration in market sentiment and the US dollar's ongoing strength ahead of Canadian GDP data.
The Aussie dollar faded to $0.7605 under the weight of dollar demand and weaker commodity prices.
Rand unfazed at 14.91 versus the U.S dollar after President Cyril Ramaphosa's speech to the nation on the country's response to the COVID-19 pandemic.
The dollar-rupee extended gains by five cents to 40.90(selling), catching up with USD dollar strength abroad.
10:00 - GBP - GDP (YoY)(Q4)
10:00 - GBP - GDP (QoQ)(Q4)
11:55 - EUR - German Unemployment Change (Mar)
13:00 - EUR - CPI (YoY)(Mar)
16:15 - USD - ADP Nonfarm Employment Change (Mar)
16:30 - CAD - GDP (MoM)(Jan)