Treasury

EUR/USD
The single currency nosedived to $1.1716 as devastating concerns of further damage to the economic recovery grew as French President Emmanuel Macron and German Chancellor Angela Merkel ordered their countries back into lockdown on Wednesday, but recouped losses at $1.1753 ahead of ECB Monetary Policy.

GBP/USD
Sterling plummeted to $1.2907 as a wave of risk aversion swept markets, prompted by a resurgence of COVID-19 cases in Europe, and recovered to $1.3019 on Brexit hopes.

USD/JPY
The Japanese Yen lingered at 104.40 against the U.S dollar, undermined by the Bank of Japan revising growth and inflation forecasts lower and keeping interest rates unchanged at -0.1%.

AUD/USD
The Aussie was taking stock at $0.7066, having shed 1.1% overnight to leave behind a peak of $0.7157, as increasing bets that the RBA will cut interest rates further in November might hold bulls from placing any aggressive bets.

USD/ZAR
The South African rand tumbled to 16.34 against the U.S dollar, following mid-term budget on Wednesday pledging to freeze public wage bill for three years to avert a looming debt crisis and allocating a $649.66 million bailout of state-owned beleaguered airline South African Airways.

USD/MUR
The Mauritian rupee tumbled by 5 cents to 40.40 (selling) against the dollar on the Mauritian market.