Treasury

EUR/USD
The Single Currency recovered to $0.9933 as traders weighed the odds of a less aggressive Federal Reserve at Wednesday's widely watched monetary policy meeting.

GBP/USD
The cable regained momentum to trade around $1.1543 as BOE Governor Andrew Bailey said he has no other option than to tighten policy with a bigger rate hike to tame the double-digit figure inflation.

USD/JPY
The Japanese Yen rose to 147.68 against the U.S. dollar amid sluggish Treasury bond yields. Market eyes for US PMI later during the day. 

AUD/USD
The Australian dollar soared to $0.6435 as the Reserve Bank of Australia (RBA) hiked its Official Cash Rate (OCR) by 25 basis points (bps) for the second time to 2.85% this morning.

USD/CAD
The Canadian dollar jumped to 1.3580 against its U.S. counterpart, despite a drop in oil prices.

USD/ZAR
South Africa's rand weakened to 18.25 as investors maintained a cautious stance on this week's highly anticipated policy meeting by the U.S. Federal Reserve.

USD/MUR
The dollar-rupee remained stagnant at 44.25 (Selling).