Treasury

EURUSD
The Single currency fell to $0.9696 although the ECB's President Cristine Lagarde reaffirmed the importance of interest rate hikes to fight inflation in the Eurozone.

GBPUSD
The Cable rallied to $1.1080 after the Financial Times reported that the BoE had signalled privately to lenders it is prepared to prolong its bond purchases.

USDJPY
The Japanese Yen dived to 146. 85 against the U.S dollar, its strongest since August 1998, in the wake of upbeat U.S. PPI data.

AUDUSD
The Australian dollar edged to $0.6275 despite Australia’s Consumer Inflation Expectations for Octoberdroppingd below the market forecasts.

USDCAD
The Canadian Dollar remained on the back foot against the USD at 1.3823 despite crude oil prices resuming their uptrend as Saudi Arabia rejected US backlash on OPEC+ plus.

USDZAR
The South African Rand remained weak at 18.31 against the U.S dollar as traders await U.S. consumer price inflation data, which is expected to spur further Federal Reserve rate hikes.

USDMUR
The dollar-rupee stayed put at 44.25(Selling).