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Treasury

Daily Market Patrol

Market Patrol 16 June 2021

It’s not that I’m so smart; it’s just that I stay with problems longer.

Albert Einstein
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 slammed across the board overnight on poor U.S retail sales data.
Fundamental News

EUR/USD
The single currency surged to $1.2128, on broad U.S weakness, after U.S. retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel.

 

GBP/USD
Sterling nosedived to a one-month low at $1.4032 on Tuesday as Brexit woes continue as EU citizens face no right to remain in the UK, creating legal chaos before recovering to $1.4090.

 

USD/JPY
The Japanese yen tumbled to 110.06 against the dollar, highly anticipating the outcome of the U.S. Federal Reserve's two-day policy meeting for hints of plans to start tapering its bond purchases.

 

USD/CAD
Loonie hammered to fresh monthly lows above 1.2200 per dollar, despite West Texas Intermediate's barrel trading at its highest level since October 2018 at $72.

 

AUD/USD
The Aussie plummeted to $0.7692 on news that OZ Trade Minister Dan Tehan said that his government is legally preparing itself before asking the World Trade Organization to resolve its wine-tariff trade dispute with Beijing. China in March imposed tariffs of up to 218% on Australian wine for five years.

 

USD/ZAR
Rand climbed to 13.76 per greenback amid South African financial markets will be closed for a public holiday on Wednesday, when the Federal Reserve will release its statement.

 

USD/MUR

The local pair untouched at 41.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - CPI(YoY)(May)

16:30 - USD - Building Permits

18:30 - USD - Crude Oil Inventories

22:00 - USD - FOMC Meeting Minutes

22:00 - USD - Fed Interest Rate Decision

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
-
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
1.2195
1.4223
110.34
15.57
R2
1.2171
1.4176
110.25
14.29
R1
1.2149
1.4129
110.16
13.94
PP
1.2125
1.4082
110.08
13.50
S1
1.2103
1.4035
109.98
13.23
S2
1.2079
1.3987
109.90
12.71
S3
1.2057
1.3940
109.81
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.