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Treasury

Daily Market Patrol

Market Patrol 14 April 2021

The only limit of our realization of tomorrow will be our doubts of today

Franklin D.Roosevelt
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 dollar-rupee drifted lower to 40.80(selling) in the wake of BOM's intervention on Monday
Fundamental News

EUR/USD
The Shared currency printed a three-day uptrend at $1.1960 on broad U.S dollar weakness and ahead of the speeches from ECB's Christine Lagarde and the Fed's Jerome Powell.

 

GBP/USD
The pound held on tightly to $1.3768 as Britain's economy grew by 0.4% in February from January as companies prepared for the lighting of the third coronavirus lockdown.

 

USD/JPY
The yen punched to 108.90 against the greenback on suspension of the Johnson & Johnson COVID-19 vaccine played a role in the yen picking up a safe-haven bid.

 

AUD/USD
The Aussie dollar gained to $0.7665 on traders' exodus from the greenback as vaccine jitters hit the dollar, while Westpac Confidence Data for April helped Aussie.

 

USD/CAD
The Canadian dollar dropped to 1.2538 on the greenback's weakness and supported by the rise in the barrel WTI, helping the commodity-related loonie preserve its strength.

 

USD/ZAR
Rand bounced back to 14.47 per U.S dollar as accommodative U.S monetary and fiscal policy has fueled flows to riskier emerging-market assets.

 

USD/MUR
The dollar-rupee drifted lower to 40.80(selling) in the wake of BOM's intervention on Monday and broad-based U.S dollar weakness.

Fundamental & Technical Data
Economic Indicators-Local Time

18:00 - EUR - ECB President Lagarde Speaks

20:00 - USD - Fed Chair Powell Speaks

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
28-Apr-2021
European Central Bank
0.00%
10-Mar-2016
22-Apr-2021
Bank of England
0.10%
19-May-2020
06-May-2021
Bank of Japan
-0.10%
28-Jan-2016
27-Apr-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
06-Apr-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
07-Apr-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
1.2055
1.3855
110.26
15.09
R2
1.2006
1.3812
110.01
14.78
R1
1.1977
1.3782
109.53
14.60
PP
1.1928
1.3739
109.258
14.54
S1
1.1899
1.3709
108.80
14.47
S2
1.1850
1.3666
108.55
14.39
S3
1.1821
1.3636
108.07
14.24
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.