Treasury

EUR/USD
The Shared currency took the bid to $1.1347 on a reduction in the spread between the U.S. Treasury yields and German Bund yields. 10-year Bund yields rose above zero for the first time since May 2019. Today, markets are waiting for the ECB Meeting Accounts for clues on monetary policy consolidation amid EU inflation data eyed.

GBP/USD
The Cable edged up to $1.3622 on expectations that the Bank of England may be forced to hike rates again in February to tackle surging inflation.

USD/JPY
The Japanese yen trimmed back early gains to 114.47 versus the greenback as market sentiment worsened after U.S. President Joe Biden renewed hopes of faster monetary policy normalization by the Federal Reserve.

AUD/USD
The Aussie dollar shot up to $0.7230 following December's upbeat Australian employment data and rising minerals prices.

USD/CAD
The Loonie extended gains to 1.2497 against the U.S dollar, supported by higher Canadian inflation figures.

USD/ZAR
The South African rand strengthened to 15.32 per U.S dollar as December's local inflation figures came in higher than expected, bolstering the case for the central bank to raise interest rates next week.

USD/MUR
The dollar-rupee parked at 43.70 (Selling) on the local market.