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Treasury

Daily Market Patrol

Market Patrol 11 May 2021

In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out ten.

Peter Lynch
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
The Canadian dollar jumped out the blocks to its highest level since mid-September 2017
Fundamental News

EUR/USD
The Shared currency extended gains to $1.2144 as investors bet that rising inflation would erode the U.S dollars value.

 

GBP/USD
The cable soared to $1.4127 powered by ebbing Scottish independence angst and further U.K. pandemic reopening. 

 

USD/JPY
The Japanese yen tethered at 108.82 versus greenback despite better than expected Japanese Household spending for March.

 

AUD/USD
The Aussie dollar wobbled around $0.7830, showing no major reaction to China’s inflation figures during early Tuesday.

 

USD/CAD
The Canadian dollar jumped out the blocks to 1.2086 against the U.S dollar, its highest level since mid-September 2017, on Commodity markets strength and the Bank of Canada beginning to tighten its monetary policy.

 

USD/ZAR
South Africa's rand rose to a 16-month peak to 14.05 against the dollar on Monday on improving global market sentiment and domestic political environment provided further support.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

16:00 - USD - EIA Short-Term Energy Outlook

18:00 - USD - JOLTs Job Openings (Mar)

18:30 - 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
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
-
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
1.2211
1.4356
109.69
15.09
R2
1.2195
1.4258
109.37
14.78
R1
1.2161
1.4187
109.11
14.60
PP
1.2145
1.4089
108.79
14.22
S1
1.2111
1.4018
108.53
13.80
S2
1.2095
1.3920
108.21
13.2
S3
1.2061
1.3849
107.95
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.