“Losses are necessary, as long as they are associated with a technique to help you learn from them”
USD
EUR/USD
The Shared currency traded around the yearly lows at $1.0769 as investors await the final speech from Federal Reserve (Fed) Chair Jerome Powell before the mega event of monetary policy announcement in May.
GBP/USD
The Cable dropped towards lows of $1.2970 as USD cheers caution mood and the UK’s CPI at 7% has dented the demand for the pound.
USD/JPY
The Japanese yen nosedived towards 128.00 against the greenback amidst the escalation of the Ukraine-Russia war and the lack of cease talks, which paints a picture of no truce in the near-term.
AUD/USD
The Aussie dollar held its bounce above $0.7350 after the RBA Minutes showed the board's upbeat outlook on Australia's inflation.
USD/CAD
The Canadian dollar has bounced back from its low this morning at 1.2678 as oil prices have steadied as well which is providing support to the loonie as investors await inflation data due this Wednesday.
USD/ZAR
South Africa's rand dropped to 14.68 amid stronger US yields.
USD/MUR
The dollar-rupee remained unchanged at 43.50(Selling) on the local market.
