Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 18 March 2021

There is no harm in being sometimes wrong - especially if one is promptly found out

John Maynard Keynes
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 Greenback tumbled across the board after Fed sticks to dovish tone in its policy decision
Fundamental News

EUR/USD
The Single currency poked to a high of $1.1987 bolstered by the Fed's strong economic forecast and Powell's comments that it is too early to discuss tapering-off measures.

 

GBP/USD
The Pound trading higher at $1.3936 ahead of the B.O.E policy meeting today despite Britain could see a significant reduction in the amount of COVID-19 vaccines available at the end of the month due to a cut in manufacturing supply.

 

USD/JPY
The Japanese yen gained to 108.93 against the greenback as the Bank of Japan is expected to slightly widen its long-term interest rates band to allow the rates to move around the 0% target.

 

AUD/USD
The Aussie gained rose to a two-week top of $0.7835, driven by an upbeat Australian jobs report earlier today.

 

USD/ZAR
The Rand pumped-up to 14.68 versus a weaker U.S dollar after the U.S. Fed pledged to keep interest rates near zero for years to come.

 

USD/MUR
The dollar-rupee wobbled near its high at 40.70 selling, traumatized after recent BOM's intervention on Tuesday.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR - ECB President Lagarde speaks

16:00 - GBP - BoE Interest rate decision

16:00 - GBP - BoE MPC Meeting Minutes 

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
1.2114
1.4128
109.79
15.70
R2
1.2050
1.4050
109.56
15.46
R1
1.2015
1.4008
109.21
15.34
PP
1.1951
1.3930
108.98
15.23
S1
1.1916
1.3888
108.63
14.98
S2
1.1852
1.3810
108.40
14.86
S3
1.1817
1.3768
108.05
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.