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Treasury

Daily Market Patrol

Market Patrol 17 March 2021

If you are not willing to risk the usual, you will have to settle for the ordinary.

Jim Rohn
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
The USD/MUR jumped out of its bed after Bank of Mauritius intervention yesterday.
Fundamental News

EUR/USD
The euro eased to $1.1900 this morning, undermined by a possible delay in vaccinations after Sweden and Latvia joined countries suspending their use in a further blow to Europe's vaccination.

 

GBP/USD
The Cable bounced back to $1.3890 on the back of weak U.S. economic data, with  U.S. retail sales and Industrial Production falling more than expected.

 

USD/JPY
The Japanese yen ticked up to 109.11 against the U.S dollar ahead of Friday’s BoJ rate decision.

 

AUD/USD
The Aussie dollar crumbled to $0.7730  ahead of Wednesday’s FOMC monetary policy decision and a pool of economic data in tomorrow's Asian session.

 

USD/ZAR
South Africa's rand lost ground to 14.90 against the greenback as the currency continued to take its cue from swings in global markets.

 

USD/MUR
The dollar-rupee jumped out of its bed by 30 cents to 40.70(selling) this morning after BOM's stunning intervention at 40.25 yesterday.

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - CPI (YoY) (Feb)

16:30 - USD - Building Permits (Feb)

16:30 - CAD - Core CPI (MoM) (Feb)

18:30 - USD - Crude Oil Inventories

22:00 - USD - FOMC Economic Projections

22:00 - USD - Fed Interest Rate Decision

22:30 - USD - FOMC Press Conference 

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
1.2013
1.4027
109.80
15.70
R2
1.1982
1.3966
109.54
15.46
R1
1.1943
1.3930
109.28
15.34
PP
1.1912
1.3869
109.02
15.23
S1
1.1873
1.3833
108.76
14.98
S2
1.1842
1.3772
108.50
14.86
S3
1.1803
1.3736
108.24
14.39
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.