Don’t blindly follow someone, follow market and try to hear what it is telling you
USD
EUR/USD
The Shared currency plummeted to $1.0491 before rebounding to $1.0530 in the wake of damaging data from the eurozone and ongoing concerns over the Ukraine crisis amid a rally in the US dollar.
GBP/USD
The Cable nosedived to $1.2350 as BOE raised inflation forecast to double digit, triggering stagflation fears while announcing a 25bps rate hike to 1%.
USD/JPY
The Japanese yen dropped sharply to 130.54 as US dollar rose across the board on risk aversion and higher US yields.
AUD/USD
The Aussie renewed intraday low to $0.7094 as RBA sharply raised inflation projections which might remain a burden for the households.
USD/CAD
The Loonie hovered around 1.2830 as investors await US-Canada Employment data later during the day.
USD/ZAR
South African rand slumped heavily to 16.04 as higher rates in developed markets tend to drain capital from riskier emerging markets such as South Africa, weighing on the currency.
USD/MUR
The dollar-rupee remained unchanged at 43.40 (selling).
13:15 - GBP -BoE's Mann speech
16:30 - USD - Nonfarm Payrolls(Apr)
16:30 - CAD -Net Change in Employment(Apr)
