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Treasury

Daily Market Patrol

Market Patrol 22 April 2021

The greatest glory in living lies not in never falling, but in rising every time we fall.

Nelson Mandela
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
CAD outstripped major currencies after hawkish monetary policy guidance.
Fundamental News

EUR/USD
Euro meandered at $1.2034, awaiting a European Central Bank meeting later today for any hints on policy stance. US weekly jobless claims also eyed.

 

GBP/USD
The pound slide arrested at $1.3890 and bounced back to $1.3930 after U.K inflation data ticked higher in March.

 

USD/JPY
Yen undaunted at 107.95 against the greenback as fresh Aussie-China tussle, U.S. infrastructure spending bill talks and COVID-19 woes weighed on risk sentiment.

 

AUD/USD
The Aussie climbed to $0.7747 after upbeat Australian Q1 NAB Business Survey and a hawkish tilt by the Bank of Canada, with investors speculating that RBA may face similar prospects.

 

USD/CAD
The Loonie surged to a six-week high at $1.2471 after the BOC surprise markets with a more optimistic economic outlook, tapering bond purchases and signalling a rate hike in 2022.

 

USD/ZAR
Rand in a funk at 14.26 per dollar as worries about a resurgence of COVID-19 cases hurt global markets and as local investors awaited inflation data for cues on the economy.

 

USD/MUR
The USD/MUR lighthearted at 40.80(selling) ahead of the Fed meeting next week.

Fundamental & Technical Data
Economic Indicators-Local Time

15:45 - EUR - ECB Monetary Policy Statement

16:30 - EUR - ECB Press Conference

18:00 - USD - Existing Home Sales

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
1.2098
1.4020
108.71
15.09
R2
1.2071
1.3985
108.50
14.78
R1
1.2053
1.3956
108.30
14.60
PP
1.2026
1.3921
108.09
14.22
S1
1.2008
1.3892
107.89
13.80
S2
1.1981
1.3857
107.68
13.2
S3
1.1963
1.3828
107.49
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.