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Treasury

Daily Market Patrol

Market Patrol 13 May 2021

In investing, what is comfortable is rarely profitable

Robert Arnott
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
U.S dollar gained across the board on higher-than-expected consumer prices and rising yields.
Fundamental News

EUR/USD
The Shared currency gave up its gains to $1.2075 despite growing economic optimism in the Old Continent and a revised GDP forecast for 2021 and 2022 backed by a surge in private consumption and investment.

 

GBP/USD
The Cable slipped to $1.4060 as Brexit jitters over Northern Ireland extends ahead of BoE Governor Bailey’s speech.

 

USD/JPY
The Japanese yen nose-dived to 109.71 against the U.S dollar as rising U.S. Treasury yields and a bigger-than-expected rise in U.S. consumer prices accelerated fears about runaway inflation and lent support to the U.S. currency.

 

AUD/USD
The Aussie sank to a one-week low to $0.7707 in tandem with risk-off sentiment in Asia in the wake of a shocking rise in  U.S inflation data Wednesday.

 

USD/CAD
The Canadian dollar lost ground to 1.2134 against the greenback ahead of the Bank of Canada Governor Tiff Macklem speech at an online event hosted by the central bank later today.

 

USD/ZAR
The South African rand weakened to 14.12 per U.S dollar as a jump in consumer prices in the United States raised fears that the central bank would tighten its monetary policy, cutting off a key supply source to riskier assets.

 

USD/MUR
The dollar-rupee crawled by 3 cents to 40.83(Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - PPI (MoM) (Apr)

16:30 - USD - Initial Jobless Claims

20:00 - 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
1.2214
1.4224
111.16
15.09
R2
1.2183
1.4189
110.42
14.78
R1
1.2128
1.4121
110.06
14.60
PP
1.2097
1.4086
109.32
14.22
S1
1.2042
1.4018
108.96
13.80
S2
1.2011
1.3983
108.22
13.2
S3
1.1956
1.3915
107.86
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.