Tact is the knack of making a point without making an enemy.
USD
EUR/USD
Euro bounced to a high of $1.1914 on Wednesday before easing slightly to $1.1874 this morning, underpinned by another upbeat eurozone PMI and hopes the E.U.'s considerable lag versus the U.S. in vaccinations will begin to narrow by the second half of the year.
GBP/USD
The Pound remained on the backfoot at $1.3757, undermined by the slowing pace of the COVID vaccinations in the U.K. that could ultimately delay the government's plans to reopen the economy.
USD/JPY
Yen on hold at 109.70 per dollar ahead of Fed Chair Jerome Powell's scheduled speech later during the U.S. session.
AUD/USD
AUD dipped to $0.7624 on risk-off mood in the wake of fading hopes of a sooner Fed rate hike and a renewed uptick in the Treasury yields.
USD/ZAR
The Rand ticked lower to 14.54 versus the greenback amid concerns about a resurgence of coronavirus infections and lower commodity prices.
USD/MUR
The local pair remains flat at 40.85(selling) amid a softer tone surrounding the U.S dollar abroad.
12:30 - GBP - Construction PMI (Mar)
15:30 - EUR - ECB Monetary Policy Statement
16:30 - USD - Initial Jobless Claims
20:00 - USD - Fed Chair Powell Speaks
