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Treasury

Daily Market Patrol

Market Patrol 10 June 2021

Our nation is at its best when we realize that we all do better when we all do better.

John Legend
Indicative Selling Rates
against MUR
USD
23 Sep 2021
  • AUD
  • 31.30
  • 0.7304
  • BWP
  • 3.91
  • 0.0912
  • CAD
  • 33.87
  • 1.2653
  • CNY
  • 6.72
  • 6.3785
  • DKK
  • 6.85
  • 6.2579
  • EUR
  • 50.37
  • 1.1754
  • HKD
  • 5.59
  • 7.6600
  • INR
  • 0.59
  • 72.6881
  • JPY
  • 39.32
  • 108.9722
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.26
  • 0.7062
  • NOK
  • 5.04
  • 8.4945
  • SGD
  • 32.06
  • 1.3365
  • ZAR
  • 2.95
  • 14.5184
  • SEK
  • 4.99
  • 8.5831
  • CHF
  • 46.60
  • 1.0876
  • GBP
  • 58.66
  • 1.3690
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
U.S dollar jostled across the board overnight ahead of ECB policy meeting and G-7 Meeting.
Fundamental News

EUR/USD
The single currency tumbled to $1.2160, ahead of ECB Interest Rate decision and Group of Seven meeting today in Britain.

 

GBP/USD
The pound slid to $1.41 as Britain and the European Union failed to agree on solutions to post-Brexit trade problems in the British province of Northern Ireland, and exchanged threats in a standoff that could claim the G7 international summit.

 

USD/JPY
Yen cascaded to 109.48 against the dollar, despite strong Japanese factory gate prices as Bank of Japan official said that a 4.9% rise YoY is the largest rise since September 2008.

 

USD/CAD
Loonie inched lower to 1.2113 per dollar after Bank of Canada on Wednesday left its key interest rate unchanged and would maintain its current policy of quantitative easing, while rates would remain unchanged until at least the second half of 2022.

 

AUD/USD
Aussie fell to $0.7737, although Chinese producer price data for May showed the biggest jump in a dozen years, and the country's consumer prices rose 1.3% in May, the biggest year-on-year increase in eight months.

 

USD/ZAR
South African rand plunged to 13.73 against the greenback following South Africa's economy expanded at a slower rate in the first quarter of this year compared with the previous three months, as key sectors of mining and trade expanded.

 

USD/MUR
The dollar-rupee stayed put at 40.90(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

15:45 - EUR - ECB Interest Rate Decision

15:45 - EUR - ECB Marginal Lending Facility 

15:45 - EUR - Deposit Facility Rate (Jun)

16:30 -USD - Initial Jobless Claims

16:30 - EUR - ECB 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
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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
1.2256
1.4248
110.21
15.57
R2
1.2237
1.4219
109.94
14.29
R1
1.2209
1.4169
109.78
13.94
PP
1.2190
1.4140
109.50
13.50
S1
1.2162
1.4090
109.35
13.23
S2
1.2143
1.4061
109.07
12.71
S3
1.2116
1.4011
108.92
11.43
Weekly Technical Analysis on GBP by Aassan Deedarun 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.