Wisest is he who knows he does not know.
The common currency soared to $1.1870 as US President Joe Biden's infrastructure spending plan of more than $2 trillion has fueled speculations about an uptick in US inflation.
Sterling slipped to $1.3826, failing to benefit from strengthening global risk sentiment after stellar U.S. data. UK PM Johnson announced the second phase of lockdown easing on Monday and confirmed that nonessential stores would reopen from April 12.
The safe-haven yen surged to 109.75 against the dollar despite comments from Japanese PM Suga declared a possible snap election before the end of September. International Monetary Fund upgraded its global economic growth forecast to 6.0% from 5.5% in January.
Aussie inched up to $0.7650 following Australia’s Treasurer Josh Frydenberg offered upbeat comments on the hot property market, ahead of RBA its biannual Financial Stability Review on Friday.
South African rand marched to 14.51 after the country bought 20 million doses of the Pfizer-BioNTech dual-shot COVID-19 vaccine to boost the vaccination campaign.
The local pair ensconced at 40.85(selling) on the domestic market despite a broad sell-off of the greenback.
12:30 - GBP - Composite PMI (Mar)
12:30 - GBP - Services PMI (Mar)
18:30 - USD - Crude Oil Inventories