We cannot direct the wind, but we can adjust the sails.
USD
EUR/USD
The euro edged higher at $1.1640 ahead of the ECB policy meeting this afternoon, with attention centered on Lagarde’s guidance on future monetary policy.
GBP/USD
The Pound Sterling moved a little higher at $1.3560 as the currency continued to benefit from expectations that the Bank of England may need to tighten policy if energy-driven inflation persists.
USD/JPY
The Japanese yen was steady at $153.35 with markets fully pricing in a 25bp BoJ rate hike in September and expecting further tightening in December.
USD/ZAR
The South African Rand remained on the back foot at $16.0473 ahead of local economic data that may offer additional clues about the performance of Africa's largest economy.
USD/MUR
The Dollar–Rupee fell by 2 cents to 47.52 (selling) this morning.
16:15 EUR ECB Main Refinancing Operations Rate
16:15 EUR ECB Monetary Policy Statement
16:15 EUR ECB Rate On Deposit Facility
16:30 USD Initial Jobless Claims
16:30 USD Producer Price Index (MoM) (Aug)
16:30 USD Producer Price Index ex Food & Energy (YoY) (Aug)
16:45 EUR ECB Press Conference
