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Treasury

Daily Market Patrol

Market Patrol 10 May 2021

It's not what we do once in a while that shapes our lives. It's what we do constantly.

Tony Robbins
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
U.S dollar dumped against its peers on disappointing U.S. jobs data.
Fundamental News

EUR/USD
The Shared currency surged to $1.2157, backed by European Commission President Ursula Von der Leyen announcement that the EU has struck a deal with BioNTech/Pfizer for up to 1.8 billion extra doses of their Covid-19 vaccine.

 

GBP/USD
The Cable rose to a high of $1.4055, unaffected by the Scottish Parliament election results. Scotland's leader Nicolas Sturgeon said another independence referendum was inevitable after her party's resounding election victory.

 

USD/JPY
The Japanese yen rocketed to 108.80 versus the U.S dollar after U.S. jobs data for April came in well below expectations, lighting a fire under the greenback.

 

AUD/USD
The Aussie dollar extended gains to $0.7851 while ignoring mixed Aussie data amid a broad-based U.S. dollar selloff.

 

USD/CAD
The Canadian dollar spurred to 1.2116 against the U.S dollar despite disappointing Canadian labor market report.

 

USD/ZAR
The rand gained strongly to 14.05 per U.S dollar hitting its highest level against the dollar since January 2020 after Moody's skipped review of South Africa's Sovereign rating.

 

USD/MUR
The dollar-rupee is unchanged at 40.85(Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

 

 

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
12-May-2021
Bank of England
0.10%
19-May-2020
06-May-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Jun-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
04-May-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
1.2323
1.4153
110.10
15.09
R2
1.2247
1.4079
109.69
14.78
R1
1.2205
1.4035
109.15
14.60
PP
1.2129
1.3961
108.74
14.22
S1
1.2087
1.3917
108.20
13.80
S2
1.2011
1.3843
107.79
13.2
S3
1.1969
1.3799
107.25
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.