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Treasury

Daily Market Patrol

Market Patrol 17 May 2021

Someone's sitting in the shade today because someone planted a tree a long time ago 

Warren Buffet
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 unfazed on the domestic market
Fundamental News

EUR/USD
The Shared currency bounced back to $1.2140 after soft U.S. retail sales on Friday calmed market anxiety about the potential for Fed tightening.

 

GBP/USD
The Pound Sterling swept higher to $1.4105, aided by Britain's vaccination drive that has enabled a gradual reopening of the U.k. economy.

 

USD/JPY
The Japanese Yen rose to 109.39 against the dollar after Japan’s Producer Price Index came in at 0.7% MoM for April, beating the expectation of 0.5%.

 

USD/CAD
The Loonie on the front foot at 1.2120 against the greenback as investors shook off the Bank of Canada's concern that further strength could hurt the domestic economy.

 

AUD/USD
The Aussie dollar struggled to make much headway at $0.7760 as data from China's largest customer disappointed the Asian markets earlier today.

 

USD/ZAR
South Africa's rand firmed at 14.15 versus a weakening U.S. dollar after U.S retail sales, industrial production and Michigan consumer sentiment missed headline expectations in the United States last week.

 

USD/MUR
The dollar-rupee was unfazed at 40.88(Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Foreign Securities Purchases (Mar)

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
04-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
1.2248
1.4202
110.08
15.09
R2
1.2198
1.4157
109.87
14.78
R1
1.2171
1.4127
109.62
14.60
PP
1.2121
1.4082
109.41
14.22
S1
1.2094
1.4052
109.16
13.80
S2
1.2044
1.4007
108.95
13.2
S3
1.2017
1.3977
108.70
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.