Treasury

EUR/USD
The Euro continued to decline on Monday, hovering around $1.1610 during Asian trading. The pair remained under pressure as the U.S. dollar gained modest support from cautious comments by Federal Reserve officials, reducing the chances of another rate cut in December.

GBP/USD
The Pound Sterling lost ground to $1.3148 after a report that U.K. Prime Minister Keir Starmer and Finance Minister Rachel Reeves have dropped the plan to raise income tax rates, in a dramatic turn ahead of the budget on November 26.

USD/JPY
The Japanese Yen stayed on the back foot at 154.67 against the greenback after weak Q3 GDP print.

AUD/USD
The Australian dollar edged lower to $0.6525 despite wary sentiment toward RBA policy.

USD/CAD
The Canadian dollar retreated amid slipping oil prices after Novorossiysk port in Russia resumed crude loadings following a two-day shut-down and oversupply concerns. Paying attention to BOC CPI today.

USD/ZAR
The South African rand slipped to 17.09 against the U.S. dollar after rallying to its strongest level in more than two years, as traders locked in profits on Friday and awaited S&P Global's scheduled review of SA's sovereign credit rating with caution.

USD/MUR
The dollar-rupee edged up 18 cents to trade at 46.28 (selling) this morning.