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Treasury

Daily Market Patrol

Market Patrol 22 March 2021

Perhaps wisdom is realizing how small I am, and unwise, and how far I have yet to go.

Anthony Bourdain
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
U.S dollar swarmed up across the board after Turkey's President Ergodan fired his central bank governor .
Fundamental News

EUR/USD
The single currency lost ground to $1.1891 after the Fed tempered a rise in yields brought on by its decision to ditch an exemption to leverage rules about Treasuries, allowing a temporary pandemic regulatory break in the capital rule known as the "supplementary leverage ratio" to expire this month.

 

GBP/USD
Sterling plummeted to $1.3857 due to increasing anxiety regarding the post-Brexit situation in Northern Ireland.

 

USD/JPY
Yen edged up to 108.77 per dollar on BoJ's Kuroda's comment that a 2% inflation target helps stabilize FX rates and that there is no need to change it.

 

AUD/USD
The Aussie tumbled to $0.7729 following PBOC kept one-year and five-year loan prime rates unchanged at 3.85%, 4.65% in that order.

 

USD/ZAR

South African rand inched lower to 14.81 against the greenback on U.S dollar strength undermined by President Tayyip Erdogan's decision to replace the hawkish central bank governor with a critic high-interest rates.

 

USD/MUR
The dollar-rupee soared by 5 cents to 40.75(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

17:00 - USD - Fed Chair Powell Speaks

18:00 - USD - Existing Home Sales (Feb)

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
1.1999
1.4074
109.67
15.56
R2
1.1968
1.4017
109.40
15.11
R1
1.1936
1.3945
109.15
14.97
PP
1.1905
1.3888
108.88
14.84
S1
1.1873
1.3817
108.62
14.64
S2
1.1842
1.3759
108.35
14.52
S3
1.1810
1.3688
108.10
14.39
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.