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Treasury

Daily Market Patrol

Market Patrol 18 June 2021

The market can stay irrational longer than you can stay solvent.

John Maynard Keynes
Indicative Selling Rates
against MUR
USD
20 May 2024
  • AUD
  • 31.29
  • 0.6765
  • BWP
  • 3.48
  • 0.0752
  • CAD
  • 34.28
  • 1.3494
  • CNY
  • 6.49
  • 7.1298
  • DKK
  • 6.85
  • 6.7581
  • EUR
  • 50.57
  • 1.0931
  • HKD
  • 6.02
  • 7.6834
  • INR
  • 0.56
  • 81.9464
  • JPY
  • 30.06
  • 153.9165
  • KES
  • 35.81
  • 129.1711
  • NZD
  • 28.61
  • 0.6185
  • NOK
  • 4.43
  • 10.4478
  • SGD
  • 34.75
  • 1.3311
  • ZAR
  • 2.63
  • 17.5910
  • SEK
  • 4.38
  • 10.5588
  • CHF
  • 51.21
  • 1.1069
  • GBP
  • 59.06
  • 1.2766
  • USD
  • 46.26
  • 1.0000
  • AED
  • 12.80
  • 3.6152
U.S dollar bolstered across the board despite poor U.S retail sales.
Fundamental News

EUR/USD
The common currency suffered a hammer blow to $1.19 on comments from ECB Governing Council member Visco late Thursday that supply and demand issues complicate the E.U inflation outlook and from ECB policymaker Weidmann who called for an end to the Pandemic Emergency Purchase Programme.

 

GBP/USD
Sterling crashed below $1.39 after unexpectedly negative U.K. May retail sales number.

 

USD/JPY
Japanese yen soared to 110.09 per dollar after the Bank of Japan kept its monetary policy settings unchanged following the conclusion of its two-day monetary policy review meeting on Friday.

 

USD/CAD

Loonie plummeted to $1.2368 against the greenback despite poor U.S. initial jobless claims increased by 37,000 to 412,000 in the week ending June 12.

 

AUD/USD
Aussie fell to $0.7540 on escalating U-S-China tensions as China retaliated by citing US President Joe Biden’s executive order as a threat to the key Chinese technology company.

 

USD/ZAR
South African rand to 14.10 per dollar after domestic retail sales fell 0.8% in month-on-month terms in April, their fourth monthly decline in five months, suggesting poor consumer demand.

 

USD/MUR
The dollar-rupee edged higher by 5 cents to 41.35(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - Retail Sales (MoM)(May)

10:30 - JPY - BoJ Press Conference

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
16-Jun-2021
European Central Bank
0.00%
10-Mar-2016
10-Jun-2021
Bank of England
0.10%
19-May-2020
24-Jun-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Jun-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
01-Jun-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
20-May-2021
Reserve Bank of India
4.00%
22-May-2020
06-Aug-2021
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
R3
1.2094
1.4102
111.29
15.57
R2
1.2050
1.4055
111.06
14.29
R1
1.1979
1.3989
110.63
13.94
PP
1.1935
1.3942
110.40
13.50
S1
1.1864
1.3876
109.98
13.23
S2
1.1821
1.3829
109.74
12.71
S3
1.1750
1.3763
109.32
11.43
Markey update on Biz Week by Christie Ng
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.