The AUDGBP pair rose today after China released its trade numbers for April and ahead of the BOE interest rate decision.
The USDCAD pair rose as the market reacted to the latest private sector job report by Automatic Data Processor (ADP)
The pound to rand (GBPZAR) pair is struggling to find direction close to its all-time level of 25.8365 as the market digests news from the UK and South Africa. The most important news is that South Africa has started to reopen its economy while the lockdown in the UK seems to be continuing.
Gold price is holding close to a seven-year high as hedge funds buy more in reaction to the current quantitative easing policies by central banks.
Crude oil price declined in early trading as the market refocused on risks of oversupply in the market. The slight decline reversed course on a five-day rally that saw Brent prices move above $30 per barrel
The Dow Jones index is soaring today as the market digest various data points. The index together with the S&P 500 and Nasdaq is up by more than 1% in the futures market.