Treasury

EUR/USD
The Shared currency pared initial gains to $1.1277 on expectations of a hawkish Federal Reserve meeting this week and haven demand for the greenback amid continued uncertainty about the Omicron coronavirus variant.

GBP/USD
The Cable slipped to $1.3202 as the U.K reported its first death linked to an omicron case, according to Prime Minister Boris Johnson, and the probability of an interest rate hike from the Bank of England is diminishing.

USD/JPY
The Japanese yen showed no reaction at 113.57 per U.S dollar after BOJ offered a huge cash injection to stem rising short-term interest rates.

AUD/USD
The Aussie dollar tumbled to $0.71 as Australia’s most populous state New South Wales reported a 50% jump in virus cases.

USD/CAD
The Canadian dollar extended losses to 1.2825 against the greenback as retreating crude oil prices undermined the commodity-linked Loonie.

USD/ZAR
The South African rand fell to 16.05 against the U.S dollar as investors bet the U.S. Federal Reserve will announce that it will wrap up its bond purchases sooner than expected at a meeting this week.

USD/MUR
The dollar-rupee unbothered at 43.50(selling) today.