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Treasury

Daily Market Patrol

Market Patrol 16 April 2021

The way to get started is to quit talking and begin doing 

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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
South Africa's rand rallied to its highest in more than 14 months on positive local data.
Fundamental News

EUR/USD
The Single Currency licked its wounds near $1.1955 weighed by increasing odds of the bloc's delay in the economic recovery as the coronavirus vaccine shortages are the critical challenge for Brussels.

 

GBP/USD
The Cable skipped down to $1.3760 amid a slowing pace of vaccination due to rare cases of blood clots related to the AstraZeneca vaccine dwelling on the pound.

 

USD/JPY
The Japanese yen strengthened at 108.80 versus the greenback after Reuter's Tankan survey suggested Japan's Manufacturer's sentiment brightened in April, while US-Russia and Sino-American tussles also underpinned risk aversion.

 

AUD/USD
The Aussie dollar slipped to $0.7730 after mixed Chinese data flow failed to impress the market.

 

USD/CAD
The Canadian dollar ticked down to 1.2535 against a stronger U.S dollar.

 

USD/ZAR
South Africa's rand rallied to its highest in more than 14 months on Wednesday, as positive local retail sales data supported the currency's demand.

 

USD/MUR
The dollar-rupee edged higher to 40.85(selling) as demand for Fx from importers remained unabated.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - CPI (YoY) (Mar)

16:30 - USD - Building Permits (Mar)

 

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
1.2024
1.3852
109.33
15.09
R2
1.2009
1.3830
109.16
14.78
R1
1.1987
1.3805
108.96
14.60
PP
1.1972
1.3783
108.79
14.22
S1
1.1950
1.3758
108.59
13.80
S2
1.1935
1.3736
108.42
13.2
S3
1.1913
1.3711
108.22
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.