“Your investment should be equally risky and rewarding.”
USD
EUR/USD
The Shared currency nullified early gains and traded back to $1.1425 ahead of the Quarterly release of the European Commission Economic forecasts.
GBP/USD
The Cable remained pressured around 1.3530 ahead of speech from the Bank of England (BOE) Governor Andrew Bailey and mixed concerns over inflation and Brexit.
USD/JPY
The Japanese yen lost ground to trade near the daily high of 115.65 against the greenback amidst a minor rebound in the U.S. treasury yields and comments from Bank of Japan Governor Haruhiko Kuroda stating that the chance of Japan's consumer inflation accelerating sharply is very small.
AUD/USD
The Aussie dollar firmed at $0.7172 this morning as Australian consumer inflation expectations rose for February and Senior Australian Finance executives expect RBA rate hike in 2022.
USD/CAD
The Loonie traded flat ahead of U.S. consumer Price Index (CPI) data later during the day. Downbeat Oil prices and recently mixed comments from Bank of Canada Governor Tiff Macklem also weighed on the pair.
USD/ZAR
South African Rand extended gains to 15.20 versus the U.S. dollar amid broadening commodity recovery. Investors remained cautious ahead of the S.A. President's speech to the parliament this week. Domestic manufacturing and mining data are yet to be released later during the day.
USD/MUR
The dollar-rupee remained unchanged at 43.67(Selling) on broad U.S. dollar strength.
13:00 - EUR - European Commission releases Economic growth
17:30 - USD - Consumer Price Index
17:30 - USD - Jobless Claims
