“There is no way to happiness. Happiness is the way.”
USD
EUR/USD
The Shared currency relaxed to $1.0650 after the Federal Reserve raised interest rates by a widely-expected 50 basis points. Meanwhile, its policymakers foresaw making further hikes to tame inflation despite a risk of recession. The European Central Bank (ECB)) monetary policy meeting eyed today.
GBP/USD
The Cable firmed at $1.2400 as traders await the Bank of England (BOE) decision during the day.
USD/JPY
The Japanese yen displayed topsy-turvy moves around 135.68 after the US central bank also upwardly revised the dot-plot to suggest 5.1% as the terminal rate versus 4.6% shown in September's Statement of Economic Projections (SEP).
AUD/USD
The Aussie dollar juggled to $0.6850 on downbeat China retail sales and industrial production, with consumer inflation dropping to 5.2% in Australia.
USD/CAD
The Canadian Dollar eased slightly to 1.3558 against the greenback as oil prices, the country's main export, dropped on fears of lesser demand.
USD/ZAR
South African rand drifted lower to 17.20 following weak local retail sales data, which raised concerns about purchasing power in a high-inflation economy.
USD/MUR
The dollar-rupee is unchanged at 44.10 (selling).
12:30 - CHF - SNB Interest Rate Decision
16:00 - BOE - Bank of England Interest rate decision
17:15 - EUR - ECB Monetary Policy Decision Statement
17:30 - USD - Initial Jobless Claims(Dec 9) /Retail Sales data
17:45 - EUR - ECB Press Conference
