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Daily Market Patrol

Market Patrol 28 May 2021

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough

Yvan Byeajee
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 British pound rallied on rising expectations of an earlier than expected rate hike by the Bank of England.
Fundamental News

EUR/USD
The Shared currency dropped to $1.2177 on upbeat US data and chatters over US President Joe Biden’s $6.0 trillion budget proposal trimmed the USD losses during the late Thursday. 

GBP/USD
The British pound held firm at $1.4184 near a three-month high against the dollar on Friday on rising expectations of an earlier than expected rate hike by the Bank of England.

 

USD/JPY
The yen hammered to 109.88 against the U.S dollar on investors' concerns about a delay in Japan's economic recovery as Japan seeks to extend a state of emergency covering Tokyo and other key areas by three weeks to June 20.

 

AUD/USD
The Aussie dollar extended losses to $0.7720 as China’s crackdown on commodities prices weighed iron ore prices.

 

USD/CAD
The Canadian dollar rebounded to 1.2091 against the U.S dollar after a rise in oil prices as investors await inflation data from the United States tomorrow.

 

USD/ZAR
South Africa's rand snapped a six-session winning streak to 13.80 against the greenback as rising U.S. bond yields put the brakes on an emerging market rally that carried the currency to a 27-month peak near 13.68/DLR.

 

USD/MUR
The dollar-rupee rose by 3 cents at 40.88(Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

22:00 - USD - US federal budget

 

 

 

 

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
1.2324
1.4224
109.76
15.09
R2
1.2294
1.4200
109.47
14.78
R1
1.2243
1.4160
109.30
14.60
PP
1.2213
1.4136
109.01
14.22
S1
1.2162
1.4096
108.84
13.80
S2
1.2132
1.4072
108.55
13.2
S3
1.2081
1.4032
108.38
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.