Treasury

EUR/USD
The single currency rocketed to $1.1995 as the Federal Reserve's new policy framework continued to fuel bets that U.S. rates will stay lower for longer than other countries.

GBP/USD

The British pound vaulted to $1.3415, the highest since December last year, on reports from Japan's foreign minister that a broad agreement on a Japan-UK trade deal is close.

USD/JPY
The safe-haven yen hemmed into a narrow range near 105.70 versus the greenback as politicians jockeyed to choose a new premier following Prime Minister Shinzo Abe's shock resignation last week.

AUD/USD
The Aussie soared to a two-year high at $0.7407 after the RBA left its cash rate at a record low of 0.25% on Tuesday, but surprised by expanding a programme of cheap funding for banks and extending it out to the middle of 2021.

USD/ZAR
The South African rand tumbled to 16.83 against the greenback on news from President Ramaphosa on Monday that the party's executives had decided at a weekend meeting that ANC officials formally charged with corruption and other serious crimes must step aside from their positions.

USD/MUR
The Mauritian rupee remained stable at 40.20(Selling) on the domestic market.