Treasury

EUR/USD
The common currency vaulted to $1.2085 on a weaker dollar, after the risk sentiment recovered on retreating U.S Treasury yields, which eased off the pressure on the Fed to act, shrugging off mixed eurozone data yesterday.

GBP/USD
Sterling rallied to $1.3921 on mounting expectation of Finance Minister Sunak promising budget speech to announce an extension of his emergency support measures, including huge income subsidies that are on track to cost more than 100 billion pounds.

USD/JPY
Yen staggered around 106.87 per greenback, on comments from Bank of Japan board member Kataoka that Bank of Japan must lower both short and long-term policy interest rates via ramping up purchases of Japanese government bonds.

AUD/USD
Aussie spiked to $0.7813 following Australia's economy expanded 3.1% quarter-on-quarter in the final three months of 2020.

USD/ZAR
Rand surged to 14.96 per dollar, powered by Absa Purchasing Managers' Index which expanded at a faster pace in February compared with January, supported by an increase in new sales and business activity.

USD/MUR
The dollar-rupee lingered at 40.25(selling) on the domestic market.