Market Patrol 15 March 2021

Opportunities don't happen. You create them.

Chris Grosser

Indicative Selling Rates
against MUR
USD

17 May 2024

AUD
31.16
0.6725

BWP
3.49
0.0753

CAD
34.28
1.3514

CNY
6.50
7.1265

DKK
6.84
6.7699

EUR
50.55
1.0911

HKD
6.03
7.6844

INR
0.56
82.1527

JPY
30.08
154.0364

KES
36.00
128.6876

NZD
28.57
0.6167

NOK
4.41
10.4990

SGD
34.74
1.3337

ZAR
2.62
17.6528

SEK
4.38
10.5846

CHF
51.41
1.1096

GBP
58.93
1.2719

USD
46.33
1.0000

AED
12.81
3.6156

The Cable fell out of bed to $1.3920, with eyes on UK PM Johnson speech on Monday.

Fundamental News

EUR/USD
The Shared currency dropped to $1.1925 as US Treasury yields keep favoring the US dollar ahead of US President Joe Biden’s speech.

GBP/USD
The Cable fell out of bed to $1.3920, with eyes on UK PM Johnson speech on Monday.

USD/JPY
The Japanese yen extended losses to 109.33 against the greenback despite a better than expected Japan’s January month Machinery orders data.

AUD/USD
The Aussie dollar rose to $0.7728 on strong China retail sales and industrial production data earlier today.

USD/ZAR
South Africa's rand strengthened to 14.99 against the U.S dollar despite the vaccination program lagging behind both developed and Emerging Markets.

USD/MUR
The dollar-rupee unchanged at 40.40(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - CAD - Manufacturing Sales (MoM)(Jan)

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00-0.25%

16-Mar-2020

17-Mar-2021

European Central Bank

0.00%

10-Mar-2016

03-Mar-2021

Bank of England

0.10%

19-May-2020

04-Feb-2021

Bank of Japan

-0.10%

28-Jan-2016

18-Mar-2021

Reserve Bank of Australia

0.10%

03-Nov-2020

02-Mar-2021

S.Africa Reserve Bank

3.50%

23-Jul-2020

Reserve Bank of India

4.00%

22-May-2020

Bank of Mauritius

1.85%

16-Apr-2020

Looking for Markets correlation?

Market Correlation is a measure, statistical or observational, that gives a positive or negative link between the pricing of multiple currencies.

Bulls & Bears Levels

Resistance and Support

Levels

EUR/USD

GBP/USD

USD/JPY

USD/ZAR

1.2014

1.4068

109.84

15.70

1.1965

1.3997

109.54

15.46

1.1933

1.3945

109.02

15.34

1.1884

1.3873

108.72

15.23

1.1853

1.3821

108.20

14.98

1.1804

1.3750

107.90

14.86

1.1773

1.3698

107.38

14.39

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Disclaimer

Please note that the information published is purely indicative. It is based on technical data from sources which the Bank verily believes to be authentic, though its timeliness or accuracy cannot be warranted or guaranteed. AfrAsia Bank Ltd issues no invitation to anyone to rely on this bulletin and neither we nor our information providers shall be in no way whatsoever, liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness, or for any delay or interruption in the transmission thereof to the user. The indicative rates and other market information are subject to changes at the Bank's discretion. Whilst every effort is made to ensure the information is accurate, you should confirm the latest situation with the Bank prior to making any decisions.

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