With the new day comes new strength and new thoughts.
USD
EUR/USD
The Euro was steady at 1.1535 as markets stayed in a wait-and-see mode ahead of geopolitical developments, while a relatively firm US dollar, supported by recent strong data and risk sentiment kept the euro capped.
GBP/USD
The Pound sterling traded sideways at $1.3230, driven by weak conviction around the UK outlook whilst markets remain cautious on growth and expect gradual easing from the Bank of England, which is limiting upside in sterling.
USD/JPY
The South African softened to 16.89 driven by ongoing domestic concerns such as weak growth, fiscal pressure, and power constraints, while uncertainty around the easing path from the South African Reserve Bank continues to limit support.
USD/MUR
The Dollar-Rupee dropped by 2 cents to 47.47 (Selling) this morning.
11:15 AM EUR HCOB Services PMI (Mar)
12:00 PM EUR HCOB Composite PMI (Mar)
4:15 PM USD ADP Employment Change 4-week average
4:30 PM USD Durable Goods Orders ex Defense (Feb)
4:30 PM USD Durable Goods Orders ex Transportation (Feb)
