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Treasury

Daily Market Patrol

Market Patrol 12 May 2021

Opportunities don't happen. You create them 

Chris Grosser
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
The Pound unimpressed at $1.4125 despite UK Preliminary GDP beats estimates.
Fundamental News

EUR/USD
The Shared currency snapped back to $1.2123 as the German ZEW headline numbers failed to impress buyers ahead of U.S CPI data due later today.

 

GBP/USD
The Cable unimpressed at $1.4125 despite UK Preliminary GDP beats estimates with -1.5% QoQ in Q1.

 

USD/JPY
The Japanese yen ticked down to 108.85 versus the U.S dollar after the Bank of Japan policymakers warned of the risk to the recovery as the pandemic curbs negatively impact service consumption.

 

AUD/USD
The Aussie dollar lost ground to $0.7802, with investors continuing to digest Australia’s big-spending budget, which was handed down on Tuesday.

 

USD/CAD
The Loonie firmed at 1.2115 against the U.S dollar as the divergence in monetary policies adopted by the Bank of Canada and the Federal Reserve continued acting as a headwind for the pair.

 

USD/ZAR
South Africa's rand touched a 16-month high at 13.93 per U.S dollar, helped by S.A manufacturing figures that were far stronger than expected.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - GBP - BoE Gov Bailey Speaks

16:30 - USD - Core CPI (MoM) (Apr)

18:30 - USD -Crude Oil Inventories 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
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
1.2236
1.4232
109.58
15.09
R2
1.2209
1.4200
109.28
14.78
R1
1.2178
1.4169
108.95
14.60
PP
1.2151
1.4137
108.65
14.22
S1
1.2120
1.4106
108.32
13.80
S2
1.2093
1.4074
108.02
13.2
S3
1.2062
1.4043
107.69
13.03
Weekly Technical Analysis on GBP by Aassan Deedarun 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.