Treasury

EUR/USD
The Shared currency extended its slide to $1.0505 as risk aversion joins the chatters surrounding monetary policy divergence between the European Central Bank and the US Federal Reserve, market eyes for the speech from ECB’s Lagarde that will provide insights on the likely monetary policy action by the ECB in June.

GBP/USD
The Cable hammered to $1.2277 on broad risk-off mood, as well as negative headlines concerning Brexit also weighing on the pair coupled with anxiety ahead of this week’s key UK Q1 GDP.

USD/JPY
The Japanese yen pressured down to 131.02 against the greenback and failed to deliver an action-pack performance despite the Bank of Japan releasing its monetary policy minutes.

AUD/USD
The Aussie dollar sank to $0.6998 on escalated covid fears in China combined with mixed Chinese trade balance data revealed earlier today.

USD/CAD
The Canadian dollar slammed to 1.2950 against the U.S dollar after data showed Canada’s Employment data remained vulnerable in April which dented the demand for the loonie.

USD/ZAR
South African Rand crumbled to 16.15 per U.S dollar fuelled by worries that the U.S. Federal Reserve would continue aggressive rate hikes, even though the central bank assured there were minimal chances of a 75 basis points rate hike.

USD/MUR
The dollar-rupee stayed put at 43.40 (selling).