Do not let what you cannot do interfere with what you can do.
USD
EUR/USD
EUR/USD is holding near 1.1740 after two modest declines, as the dollar stays weak. Data-driven Fed and restrained ECB easing expectations continue to support the pair medium term.
GBP/USD
The pound sterling struggled to capitalize on to overnight bounce and is trading at $1.3365 as traders turn cautious ahead of the Bank of England policy decision due later today whereby a 25 basis point interest rate cut is widely expected.
USD/JPY
The Japanese yen weakened to 155.70 against the greenback with growing expectations of a near-term Bank of Japan rate hike at tomorrow's BOJ meeting.
AUD/USD
The Australian dollar came under pressure at 0.66 despite the consumer inflation expectations in Australia rose to 4.7% in December.
USD/CAD
USDCAD holds at 1.3783 ahead of US CPI data.
USD/ZAR
The rand is steady near 16.75, supported by firmer gold prices and a weaker dollar, while softer November inflation has reinforced expectations of further SARB rate cuts, limiting upside.
USD/MUR
The dollar–rupee pair slipped by 2 cents today, quoted at 46.48 on the offer side.
4:00 PM GBP BoE Interest Rate Decision
4:00 PM GBP BoE Monetary Policy Summary
5:30 PM USD Consumer Price Index (YoY) (Nov)
5:30 PM USD Consumer Price Index ex Food & Energy (YoY) (Nov)
5:45 PM EUR ECB Press Conference
