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Treasury

Daily Market Patrol

Market Patrol 1 June 2021

History is our collective memory, a source of wisdom and strength we can draw on when we need it.

Stephanie Meeks
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
EUR/USD spiked to $1.2236 on upbeat German data and positive comments from Chancellor Merkel.
Fundamental News

EUR/USD
The common currency spiked to $1.2236, powered by upbeat prints of Germany’s Harmonized Index of Consumer Prices coupled with comments from German Chancellor Merkel suggesting no extension to the virus lockdown after the currency expiry in June.

 

GBP/USD
Sterling vaulted to $1.4248 last night amid hopes that the UK vaccination campaign is ramped up with immunization optimism.

 

USD/JPY
Yen tread water around 109.50 per dollar despite optimistic remarks from Japanese Finance Minister Aso that the ‘difference of opinions over global taxation has narrowed.”

 

AUD/USD

Aussie inched lower from $0.7768 to $0.7740 after RBA maintained the status-quo on its cash rate, while the policymakers reaffirmed their commitment to stick with highly accommodative conditions until at least 2024.

 

USD/ZAR
Rand reached its highest level in past three years at 13.70 per dollar, ahead of local unemployment rate data for first quarter at 13:30 today.

 

USD/MUR
The dollar-rupee unchanged at 40.88(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

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

11:55 - EUR - German Unemployment Change (May)

12:30 - GBP - Manufacturing PMI (May)

13:00 - EUR -  CPI (YoY)(May)

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

19:00 - GBP - BoE Gov Bailey Speaks

 

 

 

 

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
1.2293
1.4284
110.49
15.09
R2
1.2262
1.4251
110.21
14.78
R1
1.2244
1.4231
109.91
14.60
PP
1.2214
1.4197
109.63
14.22
S1
1.2196
1.4177
109.32
13.80
S2
1.2165
1.4144
109.05
13.2
S3
1.2148
1.4123
108.74
13.03
Weekly FX Market Analysis by Karishma Sewock Nobutsing on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.