Beware of little expenses, a small leak will sink a great ship
USD
EUR/USD
The Shared currency extended gains to $1.0704 ahead of minutes from the last Fed meeting to be released later today, investors are expecting more clues on whether the tightening would continue.
GBP/USD
The Sterling fell to $1.2525 following U.K PMI data showed that momentum in Britain's private sector slowed much more than expected this month, adding to recession worries as inflation pressures ratcheted higher.
USD/JPY
The Japanese yen shot up to 127.01 against the U.S dollar after data showed U.S. business activity slowed in May as higher prices cooled demand for services while renewed supply constraints because of COVID-19 lockdowns in China and the war in Ukraine hampered production at factories.
AUD/USD
The Aussie dollar rose to $0.7100 after RBA Assistant Governor Luci Ellis signaled more rate hikes for this year.
USD/CAD
The Loonie lost ground to 1.2831 against the greenback as a firmer USD battled strong oil ahead of Fed Minutes.
USD/ZAR
South Africa's rand strengthened to 15.66 per U.S dollar, despite fears of a slowdown in a global economic recovery, amid U.S. dollar weakness and rising prices of gold, a significant export of the country.
USD/MUR
The dollar-rupee boosted by 15 cents put at 43.70 (selling).
12:00 - EUR ECB President Lagarde Speaks
16:30 - USD - Durable Goods Orders (MoM)(Apr)
18:30 - USD - Crude oil inventories