We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
USD
EUR/USD
The Shared currency nosedived to a low of $1.1105 on Thursday before recovering to $1.1220 this morning on cautious optimism over a halt in the Russia-Ukraine war despite witnessing the latest bombarding of Moscow over Kyiv.
GBP/USD
The Cable crashed heavily against a surging dollar on its worst day since March 2020 to reach $1.3269 as investors rushed into safe-haven assets and investors' views towards further rate hikes remained mixed. The pair bounced back to $1.3425 this morning.
USD/JPY
The Japanese yen rallied to a new high of 115.69 due to hawkish comments from the FED about a possible 50bp rate hike and upbeat U.S. data, which has added to USD strength.
AUD/USD
The Aussie dollar remained on the backfoot towards $0.7194 amid Australian Energy Minister Angus Taylor said on Thursday that they are prepared to tap its oil stocks held in the US if the Russia/Ukraine conflict hits global supplies.
USD/CAD
The Canadian dollar hit a 2-month low as war drives demand for the U.S dollar but still had the smallest gain amid an expectation that the Bank of Canada will hike rate next Wednesday.
USD/ZAR
The rand lost ground to 15.27 versus the greenback as sentiment was also dampened by Fitch Ratings pointing to difficulties in containing spending and warning that recent strong revenue growth may prove temporary, in response to Wednesday's 2022 budget.
USD/MUR
The dollar-rupee escalated by 10 cents to 43.95 (selling) on U.S. dollar strength.
11:00 - EUR - Gross domestic product (Germany)
14:00 - EUR - Consumer/ Industrial/Services Confidence
15:15 - EUR - ECB's President Lagarde speech
17:30 - USD - Personal Consumption price index
