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Treasury

Daily Market Patrol

Market Patrol 1 March 2021

The important thing to remember about career paths is that they don't have to last forever.

Bill Gates
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
Cable nosedived to $1.3980 on BoE comments.
Fundamental News

EUR/USD
The single currency plummeted to $1.2083, amid market is eyeing for German Consumer Price Index (CPI) data due at 13:00 GMT.

 

GBP/USD
Cable nosedived to $1.3980 after Bank of England Chief Economist Andy Haldane warned on Friday of a risk that inflation will prove difficult to keep under control as the economy recovers from the pandemic. UK Chancellor Sunak is up for £5 billion grants.

 

USD/JPY
Japanese yen plunged to 106.54 against the dollar following China's official manufacturing PMI fell short of expectation.

 

AUD/USD
The Aussie recovered from Friday's low of $0.7691 to $0.7755, buoyed by Reserve Bank of Australia doubled the size of its daily bond purchases from $2 billion to $4 billion early Monday.

 

USD/ZAR
Rand surged to 14.97 per greenback despite challenges in restoring debt sustainability, notably in tackling public sector wages, Eskom's weak operational and financial state, and low growth potential.

 

USD/MUR
The pair inched higher by 5 cents to 40.20(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:55 - EUR - German Manufacturing PMI

14:30 - GBP - Manufacturing PMI (Feb)

20:00 - USD - ISM Manufacturing PMI (Feb)

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
R3
1.2264
1.4149
107.74
15.50
R2
1.2224
1.4089
107.22
15.29
R1
1.2145
1.4009
106.90
15.19
PP
1.2105
1.3950
106.37
15.02
S1
1.2026
1.3869
106.05
14.88
S2
1.1986
1.3810
105.53
14.79
S3
1.1907
1.3730
105.21
14.69
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.