“The game taught me the game. And it didn’t spare me the rod while teaching.”
USD
EUR/USD
The Shared currency spiked to $0.9950, although the U.S. nonfarm payrolls report for October showed the world's largest economy created more new jobs than expected but flashed signs of a slowdown with a higher unemployment rate and lower wage inflation.
GBP/USD
The Cable grinded higher to $1.1342 on U.S. dollar weakness, and investors are looking forward to more developments on tightening fiscal policy measures by novel leadership in Britain led by U.K. Prime Minister Rishi Sunak and Chancellor Jeremy Hunt that will aid in an enlarged debt crisis.
USD/JPY
The Japanese yen climbed to 147.09 against the U.S. dollar as Japan's Ministry of Finance is considering increasing two-year government bond issuance by 100 billion Japanese Yen for the Fiscal Year 2022/23, as well as increasing six-month Treasury discount bills, to fund economic stimulus, according to news in the Asian session.
AUD/USD
The Aussie dollar held on Friday's gains to $0.6437, although data showed earlier today that activities in the Chinese economy have dropped, weighed down by strict Covid-19 measures.
USD/CAD
The Loonie pierced 1.3518 against the greenback as oil prices jumped and upbeat domestic jobs data bolstered bets for another larger-than-normal interest rate hike by the Bank of Canada next month.
USD/ZAR
South Africa's rand jumped to 17.96 per U.S. dollar after U.S. jobs data raised hopes the Federal Reserve could soon soften its stance on interest rates.
USD/MUR
The dollar-rupee is unchanged at 44.35 (Selling).
12:40 - EUR - ECB President Lagarde Speaks
