Treasury

EUR/USD

The Euro rose to 1.1665 supported by improved market sentiment toward the currency, as investors react to renewed trade tensions between the US and the EU linked to the Greenland issue.

GBP/USD

The Pound Sterling traded sideways near 1.3450 as investors await UK labor market data amid US tariff uncertainty and restrained Fed rate-cut expectations.

USD/JPY

The Japanese Yen rose to 158.03 versus the greenback, supported by intervention fears and Bank of Japan (BoJ) rate-hike expectations, though political uncertainty likely to limit gains ahead of the BoJ decision due Friday this week.

AUD/USD

The Australian Dollar strengthened to trade around 0.6738 against the U.S Dollar, supported by a softer Greenback, rising Australian inflation that boosts RBA tightening expectations, and resilient Chinese economic data.

USD/CAD

The Canadian Dollar initially shed some gains to trade around $1.3850 before it rebounded following the release of Canada's December CPI yesterday showing headline inflation steady at 2.2% YoY and core inflation easing slightly to 2.8%.

USD/ZAR

The South African Rand traded on a weaker note at 16.37 against the U.S Dollar as risk appetite waned amid geopolitical tensions and as traders looked ahead to domestic inflation data due this week for clues on the Central Bank's rate cutting path later this year.

USD/MUR

The Dollar-Rupee fell to 46.61 (selling) this morning.