Humility is the solid foundation of all virtues.
USD
EUR/USD
The Euro slipped to 1.1785 against the greenback after Eurozone inflation fell below target raising expectations of future rate cuts ahead of the European Central Bank interest rate decision meeting due this afternoon.
GBP/USD
The Pound Sterling weakened to $1.3620 ahead of the Bank of England’s interest rate decision this afternoon where it is expected they keep rates unchanged at 3.75%.
USD/JPY
The Japanese Yen stayed weak at 156.90 versus the U.S dollar as worries over Japan’s finances and political uncertainty weigh on sentiment.
AUD/USD
The Australian dollar tumbled to 0.6969 against the greenback after data showed a bigger trade surplus in December, helped by higher exports and lower imports.
USD/CAD
The Canadian Dollar fell to $1.3685 as oil prices fall after Iran confirmed talks with the US, reducing fears of supply disruptions.
USD/ZAR
The South African Rand crawled lower to 16.1765 against the U.S dollar while local markets awaited the release of a purchasing managers’ index (PMI).
USD/MUR
The Dollar-Rupee gained 18 cents to trade at 46.50 (selling) this morning.
2:00 PM EUR Retail Sales (MoM) (Dec)
2:00 PM EUR Retail Sales (YoY) (Dec)
4:00 PM GBP BoE Interest Rate Decision
4:00 PM GBP BoE Minutes
4:00 PM GBP BoE Monetary Policy 4:00 PMGBP BoE Monetary Policy
4:00 PM GBP BoE MPC Vote Rate Cut
4:00 PM GBP BoE MPC Vote Rate Hike
4:00 PM GBP BoE MPC Vote Rate Unchanged
4:30 PM GBP BoE's Governor Bailey speech
4:30 PM USD Challenger Job Cuts (Jan)
5:15 PM EUR ECB Main Refinancing Operations Rate
5:15 PM EUR ECB Monetary Policy Statement
5:15 PM EUR ECB Rate On Deposit Facility
5:30 PM USD Initial Jobless Claims
5:45 PM EUR ECB Press Conference
9:40 PM CAD BoC's Governor Macklem speech
