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Treasury

Daily Market Patrol

Market Patrol 19 March 2021

Don't worry what the markets are going to do, worry about what you are going to do in response to the markets

Michael Carr
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
The Euro slightly weaker, while AstraZeneca vaccinations likely to restart in Europe.
Fundamental News

EUR/USD
The Single currency met renewed selling at $1.1987 and slipped to $1.1910, even though AstraZeneca vaccinations are poised to restart in Germany, France and other European nations.

 

GBP/USD
The Pound sank to a low of $1.3893 as B.O.E warned that the outlook for U.K.’s recovery from COVID-19 remained unclear, which disappointed expectations that BOE would signal a more confident outlook.

 

USD/JPY
The Japanese yen slightly gained to 108.88 against the U.S dollar after the Bank of Japan kept its interest rate unchanged at -0.1%.

 

AUD/USD
The Aussie dollar pressured below $0.7750 on downbeat Australian retail sales.

 

USD/ZAR
Rand firmed at 14.72 versus the U.S dollar, the market likely to await for SARB monetary policy committee meeting next week for a big trigger.

 

USD/MUR
The dollar-rupee trading firmed near its all-time high at 40.70(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - CAD - Core Retail Sales (MoM) (Jan)

 

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
1.2052
1.4094
109.79
15.70
R2
1.2021
1.4047
109.56
15.46
R1
1.1969
1.3991
109.21
15.34
PP
1.1938
1.3944
108.98
15.23
S1
1.1886
1.3888
108.63
14.98
S2
1.1855
1.3841
108.40
14.86
S3
1.1803
1.3785
108.05
14.39
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.