“Every battle is won or lost before it’s ever fought”
USD
EUR/USD
The Shared currency dropped to $1.0364 on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials.
GBP/USD
The Cable lost ground to $1.1894 after UK finance minister Jeremy Hunt outlined tax increases and tighter public spending, which are expected to lengthen the UK recession in 2023.
USD/JPY
The Japanese yen tumbled to 139.85 against the US dollar as Japan's core consumer inflation accelerated to a 40-year high in October, driven by currency weakness and imported cost pressures that the central bank shrugged off as it sticks to a policy of ultra-low interest rates.
AUD/USD
The Aussie found some support at $0.6705 on expectations that the Reserve Bank of Australia would hike again in December following upbeat data on jobs and wages this week.
USD/CAD
The Canadian dollar recovered from the previous day's losses to 1.3320 despite a drop in crude oil prices.
USD/ZAR
The South African rand slipped against a stronger dollar TO 17.36, as investors bet on a relatively hawkish Federal Reserve and worries about rising COVID-19 cases in China persisted.
USD/MUR
The dollar-rupee is unchanged at 44.15 (Selling).
11:00 - GBP - Retail Sales (MoM)(Oct)
19:00 - USD - Existing Home Sales (Oct)