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The Shared currency pared gains to $1.1325 ahead of the U.S Federal's two-day policy meeting starting on Tuesday next week. Investors will look for clues to the central bank timeline for both interest rate hikes and asset tapering.
The Cable slipped to $1.3594 amid contrasting signals concerning Brexit and the Bank of England's next move, ahead of the key U.K. Retail Sales for December today.
The Japanese yen shot up to 113.84 against the U.S. dollar despite downbeat signals from the Bank of Japan monetary policy meeting minutes, as well as mixed inflation data from Japan.
The Aussie dollar sank to $0.7196 on surging covid cases in Australia and U.S. Fed-RBA divergence to cap the upside.
The Loonie boosted to $1.2518 per U.S dollar as WTI clocked fresh seven-year highs.
The rand strengthened to 15.22 versus the greenback on the growing expectation that the South African Reserve Bank's first-rate decision of 2022 is due on Jan. 27, with economists predicting a 25 basis point increase in the repo rate to 4.00%.
The dollar-rupee idled at 43.70 (Selling) on the local market.
10:00 - GBP - Retail Sales (MoM) (Dec)
17:30 - CAD - Core Retail Sales (MoM)(Nov)
20:30 - USD - Fed Chair Yellen Speaks