Treasury

EUR/USD
The fiber soared to $1.1765 on upbeat German GDP data but later retreated to $1.1738 as New Home Sales in the U.S. jumped to 1% at 708K in July.

GBP/USD
Sterling plunged to $1.3719 despite CBI distributive trades survey’s retail forecast in the UK rose +60 in August, well above the market projections of 20.

USD/JPY
The Japanese Yen tumbled to 109.87 per dollar following Bank of Japan board member Nakamura warned over the uncertainty in the country’s economic and inflation outlook on Wednesday.

USD/CAD
Loonie vaulted to 1.2580 per dollar as risk-related currencies benefited from rising commodity prices, and markets set aside concerns about the spread of the Delta coronavirus variant to gauge data that showed a U.S. economy in strong recovery mode.

AUD/USD
The Australian dollar crunched from $0.7270 to $0.7245 after Australia’s Construction Work Done drops below 2.5% forecast to 0.8% in Q2.

USD/ZAR
South Africa's rand rallied to 15.03 against the greenback, overlooking local data showing the unemployment rate struck a record high in the second quarter, as the currency benefited from improved risk appetite in global markets.

USD/MUR
The local pair remains flat at 42.85 on the local market.