Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 2 June 2021

In this moment, more than repair, we must reimagine.

Kamala Harris
Indicative Selling Rates
against MUR
USD
25 Apr 2024
  • AUD
  • 30.77
  • 0.6565
  • BWP
  • 3.43
  • 0.0733
  • CAD
  • 34.51
  • 1.3581
  • CNY
  • 6.56
  • 7.1473
  • DKK
  • 6.83
  • 6.8649
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.08
  • 7.7125
  • INR
  • 0.57
  • 82.0612
  • JPY
  • 30.50
  • 153.6760
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.10
  • 0.5994
  • NOK
  • 4.36
  • 10.7536
  • SGD
  • 34.80
  • 1.3468
  • ZAR
  • 2.52
  • 18.6007
  • SEK
  • 4.37
  • 10.7251
  • CHF
  • 51.57
  • 1.1003
  • GBP
  • 58.71
  • 1.2526
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6157
The U.S dollar pulled between upbeat US data and the Federal Reserve's dovishness.
Fundamental News

EUR/USD
The common currency receded from $1.2255 to $1.2217, as Institute for Supply Management said its index of U.S. manufacturing activity rose in May as pent-up demand amid a reopening economy boosted orders. German Buba President Weidmann speech is awaited at 19:45. (MUT)

 

GBP/USD
The pound slammed to $1.4154 amid fears around the spread of COVID variants in Britain, while Britain is set to reopen on June 21st fully.

 

USD/JPY
Japanese yen toned down to 109.67 against the dollar as hopes grew for an accelerated economic recovery after the Japanese government said it would start coronavirus vaccinations at workplaces and universities in late June.

 

USD/CAD
The loonie initially soared to 1.20 against the greenback when domestic data showed first-quarter economic growth of 5.6% on an annualized basis and manufacturing activity expanding for the 11th straight month in May. However, it later retreated to $1.2067 this morning on U.S dollar weakness.

 

AUD/USD
The Aussie topped $0.7773 on better-than-forecast Australia Q1 GDP before clawing back gains to $0.7749 on the news the city of Melbourne will be put on a seven-day lockdown, following a new coronavirus cluster.

 

USD/ZAR
The South African rand fell to 13.77 per dollar after local data showed that the country's unemployment rate hit a new record high of 32.6% in the first quarter of 2021.

 

USD/MUR

The local pair stayed constant at 40.88(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

19:00 - GBP - BoE Gov Bailey Speaks

 

 

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
24-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
1.2284
1.4319
110.06
15.09
R2
1.2269
1.4284
109.88
14.78
R1
1.2241
1.4217
109.69
14.60
PP
1.2227
1.4182
109.51
14.22
S1
1.2199
1.4115
109.31
13.80
S2
1.2184
1.4080
109.31
13.2
S3
1.2156
1.4013
108.93
13.03
Markey update on Biz Week by Christie Ng
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.