Treasury

EUR/USD
The Euro is slightly higher for a second day on Tuesday, trading near $1.1515. The euro is supported by expectations the ECB is done cutting rates, while increased bets on a December Fed cut are weighing on the dollar.

GBP/USD
The Pound sterling steadied and is trading at around $1.3095 as investors look for cues to alter their positions ahead of Chancellor Rachel Reeves’s autumn budget, which is due to be unveiled tomorrow, particularly without any fresh data to drive their decisions.

USD/JPY
The Japanese Yen continues to struggle around 156.80 against the greenback amid talk of possible intervention to prevent further weakening.

AUD/USD
The Australian dollar stays flat at $0.6455 as market awaits tomorrow's full monthly CPI for October, seen as pivotal for the RBA’s policy outlook.

USD/CAD
The Canadian dollar held near 1.4100 against its U.S. counterpart as weakening oil prices and expectations of further Fed rate cuts continued to weigh on the loonie.

USD/ZAR
The South African rand is trading on its front foot around 17.2940 against the U.S. dollar, helped by stronger global risk appetite linked to growing expectations of a Federal Reserve interest rate cut next month.

USD/MUR
The dollar–rupee rose by 3 cents this morning, reaching a selling price of 46.80.