Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 17 June 2021

The simplest solutions are often the best ones, particularly when they have sufficient scale.

Sam Altman
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
King U.S dollar reigning across the board on hawkish Fed stance on monetary policy.
Fundamental News

EUR/USD
The single currency nosedived to $1.1990 after the Federal Reserve brought forward its projections for the first post-pandemic interest rate hikes into 2023, citing an improved health situation and dropping a long-standing reference that the crisis was weighing on the economy. Markey eyeing final inflation figures from the eurozone for May.

 

GBP/USD
Sterling slipped to $1.3990 due to a rapid increase in Delta-variant COVID-19 cases in Britain, making upbeat British inflation short-lived.

 

USD/JPY
Japanese Yen cascaded to 110.70 per dollar on hawkish Fed surprising monetary policy.

 

USD/CAD
Canadian dollar plummeted to 1.2280 per dollar on reports from Governor Tiff Macklem that the Bank of Canada saw some choppiness in growth in the second quarter of 2021 following a sharp economic recovery from the COVID-19 pandemic at the start of the year.

 

AUD/USD
Aussie knocked to $0.7620, despite Australia reported a whopping increase of 115,200 jobs in May and a drop in the Unemployment Rate to 5.1%.

 

USD/ZAR
South Africa's rand extended its losses to 14 per greenback, albeit risk-aversion.

 

USD/MUR
The dollar-rupee soared by 10 cents to 41.30(selling), tracking U.S dollar strength globally.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - CPI (YoY)

16:30 - USD - Initial Jobless Claims

16:30 - USD - Philadelphia Fed Manufacturing Index (Jun)

18:00 - USD - Fed Chair Yellen Testifies

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
1.2229
1.4237
111.94
15.57
R2
1.2182
1.4185
111.33
14.29
R1
1.2088
1.4087
111.02
13.94
PP
1.2041
1.4035
110.41
13.50
S1
1.1948
1.3937
110.10
13.23
S2
1.1901
1.3885
109.50
12.71
S3
1.1807
1.3787
109.19
11.43
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.