Market Patrol 10 March 2021

To be able to make a choice is such a privilege.

Sarah Jessica Parker

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

Cable edged lower to $1.3864 over Brexit Northern Ireland protocol.

Fundamental News

EUR/USD
Fiber plunged to $1.1875 as tension is mounting ahead of U.S. CPI data and Thursday’s European central bank monetary policy decision.

GBP/USD
Sterling plummeted to $1.3864 as EU prepares legal action over the British unilateral extension of Brexit’s Northern Ireland protocol.

USD/JPY
Japanese yen edged lower to 108.80 per dollar after U.S. yields found a floor following their drop from one-year highs.

AUD/USD
The Aussie fell to $0.7685 on RBA Governor Lowe downbeat comments to erase rumors on a rate hike as early as next year.

USD/ZAR
Rand soared to 15.33 per dollar, driven by South Africa's GDP that expanded by 66.1% quarter on quarter in the third quarter.

USD/MUR
Mauritius begins its first day of lockdown today till March 25th.

Fundamental & Technical Data

Economic Indicators-Local Time

17:30 - USD - Core CPI (MoM)(Feb)

19:30 - USD - Crude Oil Inventories

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

1.2014

1.4068

109.84

15.70

1.1965

1.3997

109.54

15.46

1.1933

1.3945

109.02

15.34

1.1884

1.3873

108.72

15.23

1.1853

1.3821

108.20

14.98

1.1804

1.3750

107.90

14.86

1.1773

1.3698

107.38

14.39

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

+230 403 5500

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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.

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