Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 16 March 2021

Success is walking from failure to failure with no loss of enthusiasm

Winston Churchill
Indicative Selling Rates
against MUR
USD
03 Oct 2024
  • AUD
  • 32.63
  • 0.6964
  • BWP
  • 3.64
  • 0.0778
  • CAD
  • 34.93
  • 1.3413
  • CNY
  • 6.88
  • 6.8135
  • DKK
  • 7.03
  • 6.6630
  • EUR
  • 51.95
  • 1.1089
  • HKD
  • 6.12
  • 7.6528
  • INR
  • 0.57
  • 82.6031
  • JPY
  • 32.52
  • 144.0718
  • KES
  • 36.96
  • 126.7616
  • NZD
  • 29.51
  • 0.6298
  • NOK
  • 4.51
  • 10.3812
  • SGD
  • 36.74
  • 1.2750
  • ZAR
  • 2.78
  • 16.8304
  • SEK
  • 4.61
  • 10.1546
  • CHF
  • 55.44
  • 1.1834
  • GBP
  • 62.38
  • 1.3314
  • USD
  • 46.85
  • 1.0000
  • AED
  • 13.06
  • 3.5884
The Shared currency meandered at $1.1935 ahead of Fed meeting
Fundamental News

EUR/USD
The Shared currency meandered at $1.1935 as caution reigned in currency markets ahead of major central bank meetings, headlined by a two-day Federal Reserve gathering beginning later in the global day.

 

GBP/USD
The Cable dropped to $1.3868 despite the Bank of England Governor Andrew Bailey said that he has become more positive about the recovery and that the economic effects of virus restrictions appear to be reducing.

 

USD/JPY
The Japanese yen slightly gained to 109.17 against the U.S dollar ahead of BoJ's review to shore up its stimulus for the longer term is set to land this week as rising bond yields cause angst for central bankers around the world.

 

AUD/USD
The Aussie dollar climbed to $0.7753 after Minutes of March month’s RBA meeting suggest that the Australian monetary policy authorities are concerned over the economy’s employment sector and are determined to keep the easy money policy.

 

USD/ZAR
South Africa's rand firmed at 14.86 against the greenback in afternoon trade on Monday as U.S. Treasury yields backed off recent highs.

 

USD/MUR
The dollar-rupee stayed put at 40.40(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - German ZEW Economic Sentiment (Mar)

16:30 - USD - Retail Sales (MoM) (Feb)

16:30 - USD - Core Retail Sales (MoM) (Feb)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
17-Mar-2021
European Central Bank
0.00%
10-Mar-2016
03-Mar-2021
Bank of England
0.10%
19-May-2020
04-Feb-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Mar-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
02-Mar-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
-
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
1.2018
1.4046
109.84
15.70
R2
1.1992
1.3998
109.54
15.46
R1
1.1962
1.3949
109.02
15.34
PP
1.1936
1.3901
108.72
15.23
S1
1.1906
1.3852
108.20
14.98
S2
1.1880
1.3804
107.90
14.86
S3
1.1850
1.3755
107.38
14.39
Weekly Market Update by Reshma Peerun Rajwani
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.