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Treasury

Daily Market Patrol

Market Patrol 23 March 2021

Risk comes from not knowing what you are doing.

Warren Buffet
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 meandered across the board amid fresh clues from Powell and Yellen tonight.
Fundamental News

EUR/USD
The Single currency firmed at $1.1930 following Germany's Chancellor confirmed an extension to the lockdown until April 18. The focus will be on the Congressional testimony by the Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen.

 

GBP/USD
The Pound eased to $1.3860 as investors weighed up the impact of the European Union’s threat to impose a ban on vaccine imports to Britain. EU’s leaders are due to discuss imposing a possible ban on vaccine exports to Britain at a summit on Thursday.

 

USD/JPY
Japanese yen tumbled to 108.75 against the greenback after U.S. home sales fell more than expected in February as cold weather blanketed many parts of the country.

 

AUD/USD
Aussie dipped to $0.7713 after China hit back immediately on the imposed sanctions on Chinese officials for human rights abuses in Xinjiang with punitive measures against the EU and further escalated diplomatic tensions.

 

USD/ZAR
The rand wobbled near 14.76 ahead of the South African Reserve bank’s meeting on Thursday.

 

USD/MUR
Dollar-rupee strengthened at 40.75 on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Average Earnings Index + Bonus (Jan)

11:00 - GBP - Claimant Count Change (Feb)

18:00 - USD - Fed Chair Powell Testifies

18:00 - USD - New 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
1.2035
1.3947
109.38
15.56
R2
1.1991
1.3912
109.17
15.11
R1
1.1962
1.3888
109.01
14.97
PP
1.1918
1.3853
108.80
14.84
S1
1.1889
1.3829
108.64
14.64
S2
1.1845
1.3794
108.43
14.52
S3
1.1815
1.3770
108.27
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.