Treasury

EUR/USD
The Shared currency climbed above  $1.0820 as investors shrug off Fed-ECB divergence. Euro’s Industrial Production and Germany’s PPI will remain in focus.

GBP/USD
The Cable  scaled higher towards $1.3032 as investors poured liquidity into cable awaiting a more hawkish speech from BOE's Bailey this week as higher inflation may compel a fourth consecutive hike rate by BOE in May.

USD/JPY
The Japanese yen bounced back sharply to 128.64 as the BOJ announced earlier on, it will conduct an unlimited fixed-rate purchase operation for Japanese Government Bonds (JGBs) after the yields hit the central bank’s upper cap at 0.25%.   

AUD/USD
The Aussie dollar cheered to $0.7428 as china is set to return to production  and RBA minutes showed optimism  to begin preparing its rate hike cycle as early this June as they expect inflation to increase further.

USD/ZAR
South Africa's rand dived sharply as the International Monetary Fund slashed its forecast for global  growth by almost a full percentage point weighting on risker currencies amid power cuts and flooding devastations in South Africa.

USD/MUR
The dollar-rupee remained unchanged  at 43.50(Selling) on the local market.