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Treasury

Daily Market Patrol

Market Patrol 26 March 2021

Imagination is more important than knowledge.

Albert Einstein
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
Japanese yen cascaded to $109.25 after U.S President Biden cheerful comments.
Fundamental News

EUR/USD
Euro dropped to $1.1780 as investors focusing on the slow vaccination rollouts across the European Union and signs that the U.S economy was rebounding from the pandemic faster than anticipated.

 

GBP/USD
Pound shined to $1.3765 this morning on comments from the British industry's confederation suggesting expectations for retail sales turning positive in March for the first time since December 2019, shrugging off news that China sanctions to the U.K.

 

USD/JPY
Japanese yen cascaded to 109.25 per dollar after U.S President Biden vowed to ensure America remains the most powerful economy in the world amid a race with China.


USD/CAD
Loonie edged higher to 1.2580 against the greenback as a modest pick up in crude oil prices underpinned the commodity-linked currency.


AUD/USD
Aussie recaptured $0.7610 as the upbeat mood on risk assets down the safe-haven U.S dollar, ignoring comments from Australia's ambassador to China, Fletcher, that “China has been exposed as quite unreliable as a trading partner and even vindictive".

 

USD/ZAR
Rand dipped to a low of 15.0875 before recovering to 14.95 per dollar on Thursday after the SARB kept lending rates unchanged 3.5%, despite a wave of rate increases by other emerging markets.

 

USD/MUR
USD/MUR climbed back to 40.80(selling) on broad U.S dollar strength on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Retail Sales (MoM)(Feb)

13:00 - EUR - German Ifo Business Climate Index (Mar)

14:00 - EUR - EU Leaders Summit

 

 

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
1.1874
1.3838
109.89
15.56
R2
1.1851
1.3792
109.56
15.11
R1
1.1807
1.3763
109.37
14.97
PP
1.1785
1.3717
109.05
14.84
S1
1.1741
1.3688
108.86
14.64
S2
1.1718
1.3642
108.53
14.52
S3
1.1675
1.3614
108.34
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.