Treasury

EUR/USD
The Shared currency blasted above the clouds to $1.1305 as eurozone inflation rose to a new record high last month and fueled bets the European Central Bank could raise interest rates sooner than expected, ECB meeting eyed later today.

GBP/USD
The Sterling pierced to $1.3551 ahead of the Bank of England interest rate decision this afternoon.

USD/JPY
The Japanese yen recovered to 114.52 against the U.S dollar, shrugging off Japan's refreshed record top daily covid infections on Wednesday.

AUD/USD
The Aussie dollar spiked to $0.7125 after the Reserve Bank of Australia formally announced an end to the Quantitative Easing on Tuesday and opened the door to a rise in the 0.1% cash rate later this year if the economy continued to surprise with its economic strength.

USD/CAD
The commodity-linked Lonnie gained traction to 1.2684 per U.S dollar as crude oil prices jumped to a fresh seven-year high.

USD/ZAR
South Africa's rand clutched on to gains to 15.38 against a weakening greenback despite risks to the domestic economy resurfaced with power utility Eskom announcing scheduled power cuts from Wednesday until Monday.

USD/MUR
The dollar-rupee idled at 43.60 (Selling).