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Treasury

Daily Market Patrol

Market Patrol 11 June 2021

If you don't find a way to make money while you sleep, you will work until you die.

Warren Buffet
Indicative Selling Rates
against MUR
USD
29 Jul 2021
  • AUD
  • 31.96
  • 0.7441
  • BWP
  • 3.92
  • 0.0914
  • CAD
  • 34.67
  • 1.2389
  • CNY
  • 6.72
  • 6.3876
  • DKK
  • 6.95
  • 6.1823
  • EUR
  • 51.12
  • 1.1901
  • HKD
  • 5.61
  • 7.6513
  • INR
  • 0.59
  • 73.1726
  • JPY
  • 39.42
  • 108.9545
  • KES
  • 40.09
  • 107.1466
  • NZD
  • 30.17
  • 0.7024
  • NOK
  • 4.98
  • 8.6294
  • SGD
  • 32.05
  • 1.3403
  • ZAR
  • 2.97
  • 14.4620
  • SEK
  • 5.06
  • 8.4834
  • CHF
  • 47.56
  • 1.1073
  • GBP
  • 60.03
  • 1.3976
  • USD
  • 42.95
  • 1.0000
The dollar-rupee surged to all time high of 41.15(Selling) after the central bank intervention.
Fundamental News

EUR/USD
The Shared currency lost ground to $1.2190 after the U.S. posted higher-than-expected inflation data in May.

 

GBP/USD
The Cable rose to $1.4170 ahead of the opening of the Group of Seven leaders’ summit in the U.K.

 

USD/JPY
The Japanese yen ticked up to 109.43 against the greenback on the back of a new analysis saying another COVID-19 surge could come in Japan with or without the Olympics.

 

AUD/USD
The Aussie dollar climbed to $0.7752 as Australia is working on a quarantine-free travel corridor with Singapore.

 

USD/CAD
The Loonie rose to 1.2083 while oil prices rose and comments from a senior Bank of Canada policymaker supported expectations for further reduction of stimulus from the Canadian central bank as soon as next month.

 

USD/ZAR
South Africa's rand rallied to 13.57 versus the U.S dollar after a rise in U.S. inflation was seen by investors as soft enough to keep monetary policy loose there, boosting demand for risk assets.

 

USD/MUR
The dollar-rupee surged to all time high of 41.15(Selling) after the central bank intervention.

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - 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
1.2250
1.4315
110.13
15.57
R2
1.2222
1.4247
109.97
14.29
R1
1.2199
1.4211
109.64
13.94
PP
1.2171
1.4143
109.48
13.50
S1
1.2148
1.4107
109.15
13.23
S2
1.2120
1.4039
108.99
12.71
S3
1.2097
1.4003
108.66
11.43
Weekly Technical analysis update by Allan Juste 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.