Treasury

EUR/USD
The Shared currency modestly gained to $1.0830 while the safe-haven U.S. dollar remained on the back foot as global financial markets regained a measure of stability on hopes that a full-blown banking crisis can be averted. Focus now shifts to inflation data of the euro area.

GBP/USD
The Cable darted higher to $1.2320, hovering around a two-month high as BoE Governor Andrew Bailey said that Britain was not experiencing stress linked to the demise of SVB and Credit Suisse.

USD/JPY
The Japanese yen crumbled to 131.94 versus the greenback as data showed that inflation has likely peaked in the country, giving the BOJ more space to maintain its ultra-loose policy, which is expected to weigh on the yen in the near term.

AUD/USD
The Aussie slipped to $0.6685 on the back of softer-than-expected inflation data for February that lent more credence to the Reserve Bank’s considerations over pausing its interest rate hikes.

USD/CAD
The Loonie roared to 1.3614 following an acceleration in the oil price amid a weaker US Dollar and expectations of more sanctions on Russia.

USD/ZAR
South African mining stocks rose on Tuesday on the back of a weaker U.S. dollar and bigger risk appetite from investors, while the local currency strengthened.

USD/MUR
The dollar-rupee remains unbothered at 46.45 (Selling)