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Treasury

Daily Market Patrol

Market Patrol 2 March 2021

Don't overthink the process. If you bring a quality product to the market, you'll get the right attention at the right time.

Denika Berry
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 bolstered to 40.25(selling), buoyed by the intervention of the central bank on the local market.
Fundamental News

EUR/USD
The single currency plunged to $1.2019 with the help of strong U.S. ISM manufacturing and construction spending data, as well as ECB unease with the recent rebound in euro zone yields.

 

GBP/USD
Sterling edged lower to $1.3877 on Monday as UK traced Covid strains from Brazil while US CDC warned of "potential fourth surge of cases" due to virus variants. British finance minister Rishi Sunak is set to announce an extra 1.65 billion pounds to fund the country's vaccination roll-out as part of his annual budget statement on Wednesday.

 

USD/JPY
Yen plummeted to 106.82 per dollar on the back of a stronger dollar and elevated U.S. Treasury yields eroded investor appetite for safe havens.

 

AUD/USD
The Australian dollar mounted to $0.7755 Tuesday after the central bank sought to calm nervous bond markets by recommitting a pledge to keep buying bonds and left interest rates at historic lows of 0.1% at its monthly policy meeting.

 

USD/ZAR
Rand retreated from 14.88 to 15.04 per greenback as progress on U.S. President Joe Biden's $1.9 trillion economic stimulus plan, now awaiting Senate approval, bolstered risk appetite.

 

USD/MUR
The dollar-rupee soared to 40.25(selling), buoyed by the intervention of the central bank on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

12:55 - EUR - German Unemployment Change (Feb)

14:00 - EUR - CPI (YoY) (Feb)

 

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
1.2162
1.4075
107.51
15.50
R2
1.2132
1.4037
107.20
15.29
R1
1.2088
1.3979
106.98
15.19
PP
1.2058
1.3942
106.67
15.02
S1
1.2014
1.3884
106.46
14.88
S2
1.1984
1.3846
106.15
14.79
S3
1.1941
1.3789
105.94
14.69
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.