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Treasury

Daily Market Patrol

Market Patrol 19 April 2021

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Benjamin Franklin
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 single currency clawed back gains to $1.1955 over European recovery plan deadline submission.
Fundamental News

EUR/USD
The Single currency hits its highest since March 4 at $1.1995 on Friday, before changing hands lower at $1.1955 on Monday, undermined by news that some European Union governments will miss the April 30 deadline to submit their recovery plans to the European Commission.

 

GBP/USD
The pound sprung back to life at $1.3836 with the re-opening of retail stores last week, ahead of U.K. unemployment, inflation and retail sales figures due this week.

 

USD/JPY
Yen extended gains at 108.65 on U.S dollar weakness, as investors increasingly bought into the Fed's insistence it would keep an accommodative policy stance for a while longer.



AUD/USD
Aussie sank to $0.7725 as concerns over the rising Covid infections worldwide and uncertainty around the U.S. infrastructure spending plan unnerved the market.

 

USD/ZAR
South Africa's rand fell to 14.26 per dollar despite record first-quarter economic growth in China joined global rally.

 

USD/MUR
The dollar-rupee loitered at 40.85(selling) on a quiet start in most of the forex space.

Fundamental & Technical Data
Economic Indicators-Local Time

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
28-Apr-2021
European Central Bank
0.00%
10-Mar-2016
22-Apr-2021
Bank of England
0.10%
19-May-2020
06-May-2021
Bank of Japan
-0.10%
28-Jan-2016
27-Apr-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
06-Apr-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
07-Apr-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
1.2047
109.31
109.33
15.09
R2
1.2021
109.14
109.16
14.78
R1
1.2003
108.96
108.96
14.60
PP
1.1977
108.79
108.79
14.22
S1
1.1959
108.61
108.59
13.80
S2
1.1933
108.43
108.42
13.2
S3
1.1915
108.25
108.22
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.