“Losers average losers.”
USD
EUR/USD
The Single currency tumbled to 20 year low at $1.0150 as investors are worried over escalating recession fear as the eurozone is likely to continue facing a shortage of energy and delay in policy tightening measures by the ECB may result in an untamed inflation rate which could weigh further on the pair.
GBP/USD
The Cable advanced towards $1.2010 as UK prime minister Boris Johnson resigned from his post and an increase in risk appetite together with BoE's Pill and Mann support for a faster rate hike boosted the pound.
USD/JPY
The Japanese yen gained to 135.70 as safe-haven following news that former Prime Minister Abe was shot in the chest as market awaits key US data later during the day.
AUD/USD
The Aussie dollar remained supported at $0.6830 on hopes of improvement in the US-China trade relation as Beijing teases $220 billion fresh stimulus.
USD/CAD
The Loonie trimmed some of its losses to 1.3000 on expectations of Bank of Canada to raise its overnight rate by 75 basis point next week ahead of unemployment rate during the day.
USD/ZAR
South Africa's rand strengthened to 16.73 as reports stated the strikes by workers at state utility Eskom might soon be resolved ahead of key US data.
USD/MUR
The dollar-rupee rallied to 46.30 on a stronger dollar (Selling).
15:55 - EUR - ECB's President Lagarde speech
16.30 - USD - Nonfarm Payrolls(Jun)/ Unemployment rate
16:30 - CAD - Unemployment rate
19:00 - USD - Fed's Williams speech