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

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

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

1.2250

1.4315

110.13

15.57

1.2222

1.4247

109.97

14.29

1.2199

1.4211

109.64

13.94

1.2171

1.4143

109.48

13.50

1.2148

1.4107

109.15

13.23

1.2120

1.4039

108.99

12.71

1.2097

1.4003

108.66

11.43

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

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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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