Treasury

EURUSD

The Single Currency ticked down to $1.0600 bolstered by strong economic data that continues to suggest the U.S. Federal Reserve's monetary policy tightening could be extended if it is to bring down the highest inflation in decades.

GBPUSD

The Cable was on the backfoot at $1.2020 despite Bank of England's policymaker, Catherine Mann, indicated that the central bank should not consider rate peak for now. 

USDJPY

The Japanese Yen traded within familiar territory at 134.60 against the U.S. dollar as upcoming Bank of Japan's governor, Kazuo Ueda, mentioned the necessity to maintain an ultra-low interest rate, warning of the dangers of responding to cost-driven inflation with monetary tightening. 

AUDUSD

The Australian Dollar slid to $0.6810 as China took a more active role in the current in the Ukraine-Russia war by pushing for a cease-fire, while also signing a deal to provide combat drones, therefore flashing mixed geopolitical signals. 

USDCAD

The Canadian Dollar slipped to 1.3545 against the greenback despite an uptick in oil prices following firmer statistics from the U.S. and Europe, as well as other major economies.

USDZAR

The South African Rand struggled for direction at 18.22 against the U.S. dollar as this week's budgetary speech brought little enthusiasm to the market. 

USDMUR

The U.S. dollar settled at 46.60(selling) against the rupee.