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Treasury

Daily Market Patrol

Market Patrol 19 May 2021

Focus is a competitive advantage.

Apoorva Metha
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
USD/MUR receded to 40.75(selling) in the wake of Bank of Mauritius intervention yesterday.
Fundamental News

EUR/USD
The fiber bolstered to $1.2231 despite Eurozone Gross domestic product recorded a fall of 1.8% YoY, while employment fell 0.3% in Q1. FOMC meeting minutes eyed later.

 

GBP/USD
The cable steadied at $1.4190, supported by news that UK unemployment fell in the first quarter.

 

USD/JPY
Yen jostled to 108.94 per dollar on comments from Bank of Japan’s Kuroda that the central bank will continue to sustain powerful monetary easing patiently.

 

AUD/USD
The Aussie pierced $0.7785 following Australia Wage Price Index for the first quarter printed 0.6% this morning.

 

USD/ZAR
South Africa's rand firmed at 14.00 against the greenback as improving risk appetite lured investors away from the safe-haven dollar, even though there was some caution ahead of a local lending rates decision later in the week.

 

USD/MUR
The dollar-rupee receded to 40.75(selling) following the intervention of the Bank of Mauritius on the domestic market Tuesday.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - CPI (YoY)(Apr)

13:00 - EUR - CPI (YoY)(Apr)

18:30 - USD - Crude Oil Inventories

22:00 - USD - FOMC Meeting Minutes

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
1.2337
1.4315
109.63
15.09
R2
1.2285
1.4268
109.45
14.78
R1
1.2254
1.4229
109.18
14.60
PP
1.2202
1.4182
109.01
14.22
S1
1.2171
1.4143
108.73
13.80
S2
1.2119
1.4096
108.56
13.2
S3
1.2088
1.4058
108.28
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.