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Treasury

Daily Market Patrol

Market Patrol 14 June 2021

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Alexis Ohanian
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 vaulted across the board on G-7 meeting.
Fundamental News

EUR/USD
The single currency nosedived to $1.21 following Brussel’s failure to get U.S President Biden strongly on their side as the bloc policymakers push for American meddling to break the deadlock over the Northern Ireland protocol.

 

GBP/USD
The Sterling hammered to $1.4115, with the renewed pressure of the delayed economic opening plan when senior ministers in the UK have signed off a decision to delay the lifting of all COVID-19 restrictions beyond June 21. The Bank of England Governor Bailey's speech is set to gauge the market sentiment.

 

USD/JPY
Japanese Yen plunged to 109.72 per dollar after G7 backed detailed investigations on the Covid origin, criticized China’s roe Xinjiang and Hong Kong, and vowed to launch a ‘democratic’ alternative to China’s Belt and Road initiative.

 

USD/CAD
Canadian dollar soured to 1.2145 against the greenback, amid Canada’s key export item, WTI crude oil, remains firm near the late 2018 highs flashed on Friday.

 

AUD/USD
Aussie plummeted to $0.7709, as Australia strived to sign fresh trade deals with the UK, as well as firming up ties with Japan and Germany by agreeing on lower-emission technology usage.

 

USD/ZAR
Rand cascaded to 13.72 per dollar on announcement from the local government on Friday that it would offload a 51% stake in state-owned airline South African Airways, the debts of which had been a burden on the exchequer for several years.

 

USD/MUR
The dollar-rupee popped higher by 5 cents to 41.20(Selling) on the domestic market.

 

Fundamental & Technical Data
Economic Indicators-Local Time

17:00 - 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
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
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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
1.2270
1.4251
110.42
15.57
R2
1.2232
1.4218
110.13
14.29
R1
1.2170
1.4161
109.90
13.94
PP
1.2131
1.4129
109.61
13.50
S1
1.2069
1.4072
109.37
13.23
S2
1.2031
1.4039
109.09
12.71
S3
1.1969
1.3982
108.85
11.43
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.