“Sometimes the best trade is no trade.”
USD
EUR/USD
The Shared currency stayed put around last Friday's high of $1.0755 ahead of EU leaders Summit later today to discuss the Russia-Ukraine crisis as well as an embargo on oil imports.
GBP/USD
The Cable advanced sharply higher to $1.2650 amid an improvement in the risk appetite of investors and hopes of a 50 basis hike rate in next policy meeting by BOE.
USD/JPY
The Japanese yen stabilized around 127.00 amid comments from BOJ that they will continue powerful monetary easing to help economy recover from covid-induced slump and maintain their targeted inflation rate of 2%
AUD/USD
The Aussie dollar firmed around monthly top of $0.7185 amid recent hawkish time from Reserve Bank of Australia backed by upbeat Aussie data.
USD/CAD
The Loonie remained favored around 1.2700 amid higher oil prices and expectations of a hawkish BOC citing inflationary pressure.
USD/ZAR
The South African rand gained to 15.54 as the dollar was on track for its second straight weekly decline as markets pared expectations for US rate hike.
USD/MUR
The dollar-rupee remained unchanged at 43.80(Selling).
13:00 - EUR - Consumer/ Industrial confidence
19:00 - USD - Fed's Waller speech
