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Treasury

Daily Market Patrol

Market Patrol 29 March 2021

I find that the harder I work, the more luck I seem to have

Thomas Jefferson
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 Common currency failed to find any benefit despite positive German data.
Fundamental News

EUR/USD
The Shared currency struggled at $1.1765 as the prospect of stricter coronavirus curbs in France and Germany dimmed the European economy's short-term outlook.

 

GBP/USD
Sterling dropped back to $1.3774 from a high of $1.3850 on Monday after the Biden administration has warned it could slap 25% tariffs on British exports to the U.S. after the U.K. levied a digital services tax on significant technology companies.

 

USD/JPY
The yen fell off the cliff to 109.94 versus the greenback climbing Treasury yields, the quickening U.S. COVID-19 vaccination rollout and massive U.S. stimulus measures all flaming inflation concerns.

 

USD/CAD
The Canadian dollar rose to 1.2586 as shipping traffic resumed through the Suez Canal and attention switched to an OPEC meeting this week.

 

AUD/USD
The Aussie dollar drifted higher to $0.7651, supported by optimism on global economic recovery and China growth prospects.

 

USD/ZAR
Rand reversed last week losses to 14.87/DLR as hopes of a faster economic recovery added on to positive global cues.

 

USD/MUR
The dollar-rupee reaped to 40.85(selling) as increasing demand from local importers lifted demand for the U.S. dollar.

Fundamental & Technical Data
Economic Indicators-Local Time

18:00 - USD - CB Consumer Confidence

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
1.1818
1.3913
110.47
15.56
R2
1.1806
1.3880
110.16
15.11
R1
1.1785
1.3821
110.00
14.97
PP
1.1773
1.3788
109.69
14.84
S1
1.1752
1.3729
109.53
14.64
S2
1.1740
1.3696
109.22
14.52
S3
1.1719
1.3637
109.06
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.