Always do your best. What you plant now, you will harvest later.
USD
EUR/USD
The Euro is under some pressure to 1.1840 due to renewed expectations that the European Central Bank may cut interest rates.
GBP/USD
The Pound Sterling weakened to 1.3545 against the greenback after weak UK jobs data increased expectations that the Bank of England may cut interest rates in March.
USD/JPY
AUD/USD
The Australian dollar fell to trade around $0.7068 after the Reserve Bank of Australia minutes showed policymakers view the recent rate hike as necessary to curb persistent inflation but offered no clear guidance on the future rate path, while markets now shift focus to Australia’s upcoming employment data later this week.
USD/CAD
The Canadian dollar retreated to 1.3650 against the greenback after Canada’s inflation slowed to 2.3% in January, slightly below expectations.
USD/ZAR
The South African Rand eased to 16.05 as a firmer U.S dollar outweighed slightly better local jobs data. The SARB proposed scrapping the prime lending rate, while rising fuel costs and high unemployment keep pressure on the rand.
USD/MUR
The Dollar-Rupee gained 11 cents to 46.46 (Selling) this morning.
1:00 PM EUR ECB's Cipollone speech
5:30 PM USD Building Permits (MoM) (Nov)
5:30 PM USD Durable Goods Orders (Dec)
5:30 PM USD Durable Goods Orders ex Defense (Dec)
5:30 PM USD Durable Goods Orders ex Transportation (Dec)
5:30 PM USD Housing Starts (MoM) (Nov)
5:30 PM USD Nondefense Capital Goods Orders ex Aircraft (Dec)
5:30 PM USD Building Permits (MoM) (Dec)
5:30 PM USD Housing Starts (MoM) (Dec)
6:15 PM USD Industrial Production (MoM) (Jan)
9:00 PM EUR ECB's Schnabel speech
10:00 PMUSD Fed's Bowman speech
11:00 PM USD FOMC Minutes
