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Treasury

Daily Market Patrol

Market Patrol 26 May 2021

In investing, what is comfortable is rarely profitable

Robert Arnott
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
The USD/MUR firmed at 40.85(Selling) in the wake of Central bank's intervention yesterday.
Fundamental News

EUR/USD
The Shared currency extended gains to $1.2245 as U.S. Federal Reserve officials reiterated that any inflation would be transitory and the Fed will maintain its current dovish monetary policy.

 

GBP/USD
The Cable retreated to $1.4152, undermined by a lack of positive drivers for the British currency.

 

USD/JPY
The Japanese yen ticked down to 108.82 against the greenback after Bank of Japan's board member Hitoshi Suzuki said earlier in the day that the central bank should prevent its holdings of exchange-traded funds from increasing as much as possible during calm periods in the market.

 

AUD/USD
The Aussie dollar extended gains to $0.7782 on the back of upbeat Australian Construction Output released earlier today.

 

USD/CAD
The Loonie dropped to 1.2052 against the U.S dollar, pressured by a drop in domestic manufacturing sales in April.

 

USD/ZAR
South Africa's rand hit its firmest in 22 months on Tuesday at 13.84 as the U.S. dollar drifted lower after Federal Reserve officials calmed investor concerns about inflation.

 

USD/MUR
The local pair idled at 40.85(Selling) this morning post central bank's intervention yesterday.

Fundamental & Technical Data
Economic Indicators-Local Time

18:30 -  USD - Crude Oil Inventories 

 

 

 

 

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
1.2327
1.4295
109.55
15.09
R2
1.2296
1.4253
109.31
14.78
R1
1.2273
1.4200
109.04
14.60
PP
1.2242
1.4158
108.80
14.22
S1
1.2219
1.4105
108.53
13.80
S2
1.2188
1.4063
108.29
13.2
S3
1.2165
1.4010
108.02
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.