Treasury

EUR/USD
The common currency hardly budged at $1.1715 after European Central Bank’s Vice President Luis de Guindos and policymaker Yannis Stournaras acknowledged upside risks to the inflation outlook. Another major focus for the day is the U.S. FOMC meeting, which is expected to drop more hints on its future policy path, including when to start tapering its bond-buying and raising interest rates.

GBP/USD
Sterling pressured down to $1.3645 as the U.K. energy crisis with higher gas prices and supply-chain bottleneck persist.

USD/JPY
The Yen gravitated back from 109.11 to 109.51 per dollar, driven by the Bank of Japan's decision to keep monetary policy steady on Wednesday but hinted support for the export businesses.

USD/CAD
The Canadian dollar popped to 1.2796 against its U.S currency after an unpopular election win for Prime Minister Justin Trudeau.

AUD/USD
Aussie recovered from $0.7218 to $0.7247 on news that struggling Chinese property giant Evergrande would make an upcoming bond coupon, allaying immediate fears about a messy corporate collapse.

USD/ZAR

The South African rand darted higher to 14.78 per dollar, despite rating agency Fitch said Africa's most industrialised economy would continue to face challenges as the government sought to stabilise the debt.

USD/MUR
The local pair stayed put at 42.85(selling) on the Mauritian market.