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Treasury

Daily Market Patrol

Market Patrol 1 April 2021

Try not to become a person of success, but rather try to become a person of value

Albert Einstein
Indicative Selling Rates
against MUR
USD
25 Apr 2024
  • AUD
  • 30.77
  • 0.6565
  • BWP
  • 3.43
  • 0.0733
  • CAD
  • 34.51
  • 1.3581
  • CNY
  • 6.56
  • 7.1473
  • DKK
  • 6.83
  • 6.8649
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.08
  • 7.7125
  • INR
  • 0.57
  • 82.0612
  • JPY
  • 30.50
  • 153.6760
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.10
  • 0.5994
  • NOK
  • 4.36
  • 10.7536
  • SGD
  • 34.80
  • 1.3468
  • ZAR
  • 2.52
  • 18.6007
  • SEK
  • 4.37
  • 10.7251
  • CHF
  • 51.57
  • 1.1003
  • GBP
  • 58.71
  • 1.2526
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6157
The U.S dollar held multi-month high over U.S. recovery hopes
Fundamental News

EUR/USD
The Shared currency got some reprieve from a 4-month low of $1.1703 to $1.1725 after the ECB President's Lagarde said the Central Bank wouldn't take its cues from the short-term economic moves. The market ignored an unexpected dropped in EZ core inflation rate to just 1% vs ECB's 2% ceiling.

 

GBP/USD
The Pound rebounded to $1.3778 as sentiment remained sanguine about the U.K. pandemic and growth recoveries.

 

USD/JPY

The Japanese Yen initially plunged to a one year low of 110.97 on Wednesday before backing off to 110.64 on a skewed 10-year Treasury yields spreads' dip.

 

USD/CAD
The Loonie slightly gained to 1.2598 versus the U.S dollar after data showed the Canadian economy grew at a stronger pace than expected in January.

 

AUD/USD
The Aussie dollar resumed decline near $0.7560 on unimpressive Australian data and downbeat Chinese Caixin manufacturing PMI for March.

 

USD/ZAR
Rand rallied to 14.78 versus the greenback, tracking gains in Emerging Markets' currencies amid record highs in the S&P 500, slightly lower Treasury yields and the U.S dollar's intraday setback.

 

USD/MUR
The dollar-rupee firmed at 40.90(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11:55 - EUR - German Manufacturing PMI (Mar)

12:30 - GBP - Manufacturing PMI (Mar)

16:30 - USD - Initial Jobless Claims

18:00 - USD - ISM Manufacturing PMI (Mar)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
28-Apr-2021
European Central Bank
0.00%
10-Mar-2016
22-Apr-2021
Bank of England
0.10%
19-May-2020
06-May-2021
Bank of Japan
-0.10%
28-Jan-2016
27-Apr-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
06-Apr-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
07-Apr-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
1.1815
1.3921
111.66
15.56
R2
1.1787
1.3866
111.34
15.11
R1
1.1759
1.3826
111.02
14.97
PP
1.1731
1.3771
110.65
14.84
S1
1.1703
1.3731
110.33
14.64
S2
1.1675
1.3676
109.96
14.52
S3
1.1647
1.3636
109.64
14.39
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.