Euro surged more than 5.3% off multi-decade lows with the rally breaking out of the 2022 downtrend ahead of the ECB. Levels that matter on the EUR/USD technical charts.
USD/ZAR has fallen after USD strength faltered. With SA finance minister Enoch Godongwa presenting the medium-term budget, the minor currency pair has temporarily stalled around 18.00.
Recent Fed speak has markets eying a ‘Fed pause’, elevating high beta assets like US equites and AUD. But weak iron ore pricing and slower RBA rate hikes puts AUD…