“The four most dangerous words in investing are: This time it’s different.”
USD
EUR/USD
The Shared currency rallied to $1.0616 as the FED expectedly raised its interest rate by 50 bps and will reduce its balance sheet size at a much faster pace than in 2017-19.Moreover, the FED is not currently considering 75-basis-point moves in the future.
GBP/USD
The Cable dropped back below $1.2550 as Headlines concerning Brexit hardships and cautious sentiment amid the Northern Ireland (NI) election, as well as ahead of the Bank of England (BOE) monetary policy seem to favor sellers.
USD/JPY
The Japanese yen gained against a weaker dollar amid expected rate hike and as US central bank stated inflation is expected to return to its 2% objective and labor market in the US to remain strong with appropriate monetary policy firming.
AUD/USD
The Aussie dollar poked to daily high around $0.7229 as Australia Trade Balance improved and optimism about China returns to the markets.
USD/CAD
The Loonie renewed its high against the dollar at 1.2726 as EU sanctions on Russia challenge oil supplies, underpinning energy prices.
USD/ZAR
South African rand rallied to 15.49 as the Fed states that it will be culling its assets at double the pace.
USD/MUR
The dollar-rupee dropped to 43.40 amid broad dollar weakness (selling).
14:30 - EUR -ECB's Lane speech
15:00 - GBP - BoE Interest Rate Decision
16:30 - USD -Initial Jobless Claims(Apr 29)
