Treasury

EUR/USD
The Shared currency pared gains this morning as risk-off continued on the back of Friday's bearish close on Wall Street. The U.S. Federal Reserve is expected to start pulling liquidity that has fuelled stock markets for years and is now expected to start raising rates by a full percentage point as soon as March compared to the forecast, which predicted half percentage point.

GBP/USD
The Cable hovered around 1.3550 on U.K.'s political, Brexit risks ahead of PMI data. British Covid cases eased, but death roll still on the rise in addition to Friday's downbeat U.K. retail sales, which continued to exert downward pressure on the pair.

USD/JPY
The Japanese yen trimmed most of Friday's gains and refreshed intraday high around 113.85 amid firmer U.S. Treasury yields as Markets brace for Wednesday's Federal Open Market committee meeting (FOMC).

AUD/USD
The Aussie dollar retreated to 0.7179 as pre-Fed fears and geopolitical tension surrounding Russia-Ukraine tensions recently weighed down on the pair, and Preliminary reading of January Manufacturing PMI eased to 55.5 below the forecast of 55.9

USD/CAD

The loonie extended pullback near 1.2568  amid the U.S. dollar's broad recovery, which has prevented the Canadian dollar from taking advantage of higher crude oil prices. Risk-off flows in global equities and profit-taking in crude oil limit demand for commodity-sensitive currencies. 

 USD/ZAR
The rand extended gains to 15.09 as traders positioned for an interest rate hike this week after S.A.'s consumer inflation for December came in higher than expectations at 5.9% year on year.

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