“The biggest risk is not taking a risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
USD
EUR/USD
The Single Currency rocketed to $1.0220 against the greenback as ECB members signalled further rate hikes while softer-than-expected U.S. inflation data ramped up expectations that the Federal Reserve will slow its pace of interest rate hikes.
GBP/USD
The Cable pierced $1.1713 amid the euphoric market mood following a drop in U.S. inflationary pressures. Investors' focus will now shift to the UK Gross Domestic Product data, which will be released today.
USD/JPY
The Japanese yen blasted above the cloud to 141.61 per U.S. dollar, its largest one-day gain since 2016, boosted by better-than-expected local producer price inflation data.
AUD/USD
The Australian dollar rallied to $0.6640, but gains were capped following the market's cautious optimism in contrast with the risk-negative headlines from China.
USD/CAD
The Canadian dollar jumped out of the block to 1.3325 against the greenback, supported by hawkish comments from Bank of Canada Governor Tiff Macklem and a recovery in oil prices.
USD/ZAR
The ZAR soared to 17.34 per U.S. dollar as South African manufacturing data for September rose 2.9% year-on-year versus analysts' predictions for a 2.35% fall.
USD/MUR
The dollar-rupee dropped by 5 cents to 44.20(Selling), tracking down the greenback's weakness.
11:00 - GBP - Manufacturing Production (MoM)(Sep)
11:00 - GBP - GDP (YoY)(Q3)
11:00 - EUR - GErman CPI (YoY)(Oct)
