" Price is what you pay, value is what you get"
USD
EUR/USD
The Single currency dived to $1.0981 as the European Central Bank (ECB) Governing Council member announced that inflation will probably come down towards 2% at the end of 2024.
GBP/USD
The Pound dropped to $1.2426 following unchanged reading of UK Confederation of British Industry (CBI) displayed yesterday.
USD/JPY
The safe- haven Yen rose to 133.63 as market sentiment turned risk-averse amid renewed worries about the banking sector and the outlook for the global economy.
AUD/USD
The Australian Dollar extended decline to $0.6611 on soft Australian inflation would support the Reserve Bank of Australia RBA to stay with the decision of keeping interest rates unchanged.
USD/CAD
The Loonie plummeted to 1.3630 against the greenback as oil prices remain pressured together with a positive U.S New Home sales data improved better than estimates.
USD/ZAR
The South African Rand fell to 18.30 due to core inflation remained elevated putting pressure on the consumer prices outlook as per the South African Bank (SARB) Monetary Policy Review.
USD/MUR
The USD/MUR crawled back to 45.45 (selling) this morning.
16.30 - USD - Core Durable Goods Orders
18.30- USD- Crude Oil Inventories
