Treasury

EUR/USD

The Euro recovered to $1.1220, supported by improved global risk appetite as easing Middle East tensions weakened demand for the US Dollar.

GBP/USD

The Pound Sterling traded on a higher note around 1.3445 against the US Dollar despite slightly weaker-than-expected UK retail sales data, while uncertainty over the Bank of England’s future rate path and concerns over economic growth may limit further gains.

USD/JPY

The Japanese Yen dropped to $158.01 in reaction to disappointing Japanese household spending falling 6.8% year-on-year in September, marking its tenth consecutive monthly decline and the sharpest drop since September 2020, raising concerns over the Bank of Japan’s ability to pursue further interest rate hikes.

USD/ZAR

The South African rand steadied in the last trading session at $16.3465 as softer oil prices helped ease inflation concerns, while investors assessed the outcome ‌of local municipal elections and coalition talks.

USD/MUR

The Dollar–Rupee fell to 47.61 (selling rate) this morning.