Treasury

EUR/USD
The euro jumped above 1.1600 on a weaker dollar as ECB minutes confirmed unanimous support to keep all key rates unchanged, ahead of Powell’s speech later today.

GBP/USD
The pound sterling remains stable around 1.3245 as markets continue to assess the implications of the UK’s Autumn Budget.

USD/JPY
The Japanese Yen rose to 155.50 after BoJ Governor Ueda’s remarks boosted expectations of a near-term rate hike, lifting JGB yields and giving the currency a strong start to the week.

AUD/USD
The AUD begins the week on a softer tone, trading around 0.6540 following China’s lackluster official PMI readings over the weekend, although downside pressure remains limited.

USD/CAD
USD/CAD edged back up to around 1.3980 in Asian trading on Monday, though gains may be capped as markets increasingly expect a Fed rate cut this month.

USD/ZAR
The Rand, trading near 17.13, is supported by monetary easing and improved fiscal guidance, strengthening the economic outlook of the South African economy.

USD/MUR
The dollar–rupee pair slipped by 2 cents today, trading at 46.60 on the offer side.