"Money is made by sitting, not trading "
The Single currency initially dropped to $1.1445 before rebounding to $1.1470 on ECB's economic bulletin release stating euro area growth is expected to pick up again strongly and risk to economic outlook are broadly balanced.
Sterling continued to creep steadily higher at $1.3734 in the face of a softer US dollar and gains supported on the back of the BoE's 15 bps rate rise last month together with market expectations of further tightening this year.
The Japanese yen blasted to 113.60 against the greenback as Bank of Japan started discussion how soon they can start telegraphing an eventual interest rate hike which could come before inflation hits 2% level target.
The Aussie dollar rose slightly this morning to $0.7286 on better than expected data from china's trade balance. RBA is expected also to end quantitative easing this February despite omicron.
The loonie lost ground to trade around 1.2500 against the US dollar amid retreat in WTI oil prices fails to deter CAD bulls ahead of key US retail sales.
South African rand advanced to 15.40 as traders interpreted a rise in US consumer price in December as insufficient to alter the Federal reserve's plan to speed up balance sheet normalisation.
The dollar rupee climbed to 43.62(selling) this morning.
11.00 - Gross domestic Product - GBP
17.30 - Industrial Production - GBP
14.30 - Trade Balance - EUR
17.15 - ECB Speech from Christine Lagarde - EUR
17.30 - Retail sales - USD