“Most people don't understand the process. They get frustrated by it. Don't Be. Focus”
USD
EUR/USD
The Shared currency crashed towards $1.1382 as US consumer Price Index (CPI) for January rallied to a nearly five decade high. In addition, ECB'S Lagarde ruled out faster hike rates.
GBP/USD
The Cable remained on the backfoot amid strong US data. Fears concerning Brexit still weighed on the pair ahead of key talks between UK Foreign Secretary Liz Truss and European Commission Vice-President Maros Sefcovis and GDP & Manufacturing data.
USD/JPY
The Japanese yen tumbled further towards 116.08 against the greenback as US inflation figures propelled US yields to fresh 2.5 years high and market bets on 0.50% rate hike in March.
AUD/USD
The Aussie dollar took offers to refresh intraday low as RBA's lowe keeps turning down hopes of rate hike in this testimony and geopolitics and trade fears also favor sellers.
USD/CAD
The Loonie took a U turn to trade lower amid downbeat oil prices, Canada's main export item.
USD/ZAR
South African Rand failed to advance higher despite President Cyril Ramaphosa outlined the government’s plans for the upcoming year during the SONA 2022 on yesterday evening.
USD/MUR
The dollar-rupee rallied to 43.75 (Selling) on US dollar strength. .
11.00 - GBP - Gross domestic Product / Manufacturing / Industrial Production
20:00 - USD - Fed Monetary policy report
