Treasury

EUR/USD
The Shared currency pierced to $1.0912 as the market is getting positioned for a hint that the ECB might draw a line under its quantitative easing program in the second quarter rather than the third during the ECB policy announcements later today.

GBP/USD
The Cable surged to $1.3137 amidst an upbeat market mood, despite the ongoing war between Ukraine and Russia and a busy week for the US economic docket weighed on the greenback.

USD/JPY
The Japanese yen trimmed some of its losses to 125.43 against the U.S dollar after the Bank of Japan's Governor Haruhiko Kuroda said on Wednesday that the Japanese economy was picking up as a trend despite showing some signs of weakness.

AUD/USD
The Aussie dollar darted higher to $0.7457 although Australian employment change data revealed below expectations.

USD/CAD
The Loonie jumped out of the blocks to 1.2551 against the greenback post 50bps hike by the Bank of Canada.

USD/ZAR
South Africa's rand slipped to 14.55 per U.S dollar Wednesday as a fall in February retail sales, higher crude prices and inflation concerns took the shine off stronger commodity prices.

USD/MUR
The dollar-rupee slipped by 30 cents to 43.40(Selling) following the largest intervention by the central bank on the local market.