Someone is sitting in the shade today because someone planted a tree a long time ago
USD
EUR/USD
The Single currency ceded to a 20-year low of $1.0071 on Friday before bouncing back to $1.0150 amid lingering recession fears and mounting inflationary pressures, spice with an energy crisis in Europe.
GBP/USD
The Cable extended losses to $1.1987 amid former British Finance Minister Rishi Sunak showed his intentions of running in the contest to replace Prime Minister Boris Johnson.
USD/JPY
The Japanese yen printed a 24-year low of 137.28 against the greenback this morning on dovish comments from BOJ's Governor Haruhiko Kuroda that the central bank will stick to its ultra-loose monetary policy. Adding to that, the death of Japan's ex-Prime Minister Shinzo Abe soured the market mood in Japan.
AUD/USD
The Aussie dollar firmed at $0.6820 on speculations that the Aussie jobless rate may skid to 3.8% from the prior release of 3.9% data this coming Thursday.
USD/CAD
The Loonie modestly gained to 1.2974 per U.S dollar as Canada's lower unemployment rate may support the BOC to announce the bumper rate hike this Wednesday.
USD/ZAR
South Africa's rand weakened to 16.97 per U.S dollar as strong U.S. job data cemented expectations that the Federal Reserve may hike interest rate by another 75 basis points later this month.
USD/MUR
The dollar-rupee idled at 46.30(Selling).
18:15 - BoE Gov Bailey Speaks
