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Treasury

Daily Market Patrol

Market Patrol 25 May 2021

In forex success comes overnight but after several years of hard work

Mario Urlic
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The U.S Dollar lost ground across as inflation worries receded.
Fundamental News

EUR/USD
The Shared currency snapped back to $1.2225 as comments from U.S. Federal Reserve officials eased investors’ worries about runaway inflation in the U.S.

 

GBP/USD
The Cable surged to $1.4174 as the U.K is gearing up for the final stage of re-opening despite the threat of the Indian covid-19.

 

USD/JPY
The Japanese yen pinned near its highs at 108.70 as dovish comments from Fed speakers provided some backing for the view that any policy tightening is not happening any time soon.

 

AUD/USD
The Aussie dollar shot up to $0.7751, boosted by a drop in U.S. yields and positive risk on the markets.

 

USD/CAD
The Loonie gained traction to 1.2048 against the greenback pushed by a batch of improving domestic data, along with more evidence that the inoculation roll-out in Canada is keeping a high pace.

 

USD/ZAR
The South African rand extended gains to 13.89 against the U.S dollar after S&P Global rating agencies held the country's credit rating and outlook at current levels.

 

USD/MUR
The local pair unbothered at 40.85(Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR - German Ifo Business Climate Index

14:00 - EUR - EU Leaders Summit 

18:00 - USD - New Home Sales (Apr)

18:00 - USD - CB Consumer Confidence (May)

 

 

 

 

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
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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
1.2297
1.4240
109.25
15.09
R2
1.2263
1.4206
109.12
14.78
R1
1.2240
1.4180
108.95
14.60
PP
1.2206
1.4146
108.82
14.22
S1
1.2183
1.4120
108.65
13.80
S2
1.2149
1.4086
108.52
13.2
S3
1.2126
1.4060
108.35
13.03
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.