"You can't cross the sea merely by standing and staring at the water."
USD
EURUSD
The Single currency tumbled to $1.0530 as U.S. Federal Reserve's chair, Jerome Powell, delivered an extremely hawkish speech in front of congress, mentioning the consideration for a higher terminal rate than previously anticipated.
GBPUSD
The Cable reversed yesterday's gains from $1.2060 to $1.1815, weighed down by a strong U.S. dollar. No major data release is expected for the British economy until Friday.
USDJPY
The Japanese Yen collapsed to 137.85 against the dollar ahead of the departing Bank of Japan's governor, Haruhiko Kuroda's last monetary policy dictation scheduled for Friday.
AUDUSD
The Australian Dollar dived to $0.6565 on the increasing divergence between the hawkish Federal Reserve and a relatively dovish Reserve Bank of Australia monetary policies.
USDCAD
The Canadian Dollar descended significantly to 1.3765 against the U.S. dollar on the back of Bank of Canada's Governor Tiff Malcklem's announcement that there will be a pause in policy tightening.
USDZAR
The South African Rand sank to 18.61 against the greenback amid a rout in the country's stock market, as figures from Statistics South Africa released on Tuesday showed a 1.3% contraction in GDP.
USDMUR
The U.S. dollar catapulted to 47.30(selling) against the rupee.
11:00 EUR Retail Sales
14:00 EUR ECB Lagarde's Speech
14:00 EUR Employment Change
14:00 EUR GDP
17:15 USD ADP Employment Change
17:30 CAD International Merchandise Trade
19:00 USD Fed's Chair Powell testimony
