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Treasury

Daily Market Patrol

Market Patrol 3 June 2021

Happiness comes from what we do. Fulfillment comes from why we do it.

Simon Sinek
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 South African Rand shined on higher commodities and low U.S lending rates, a boon for riskier assets.
Fundamental News

EUR/USD
The fiber drifted lower to $1.22 after ECB President Christine Lagarde’s rejection of the tapering chatters and ahead of the final Markit's eurozone Services PMIs. Europe's immunization to COVD-19 is catching up with the U.S. and the U.K.

 

GBP/USD
Sterling crunched below $1.4160 after Germany imposed Vat tax on low-value imports on all non-EU countries, including the UK.

 

USD/JPY
Japanese yen nursed losses to 109.80 versus the greenback as investors weighed inflation concerns ahead of key U.S. payrolls data the next day.

 

USD/CAD
The Canadian dollar edged higher to $ 1.2042 on higher oil prices and ahead of  U.S. May private jobs figures due later on Thursday.

 

AUD/USD
The Aussie stuck in a rut at $0.7730 despite upbeat domestic data, as a 7-days lockdown in the state of Victoria came as a blow for the Australian dollar.


USD/ZAR
The South African rand rocketed to 13.50/DLR on the back of higher commodity prices which benefited resource-rich South Africa, and expectations U.S. lending rates will stay lower for longer, increasing appeal for carry trade in riskier currencies.

 

USD/MUR
The domestic pair inched higher by 2 cents to 40.90(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Composite PMI (May)

12:30 - GBP - Services PMI (May)

16:15 - USD - ADP Nonfarm Employment Change (May)

16:30 - USD - Initial Jobless Claims

18:00 - USD - ISM Non-Manufacturing PMI (May)

19:00 - 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
-
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
1.2299
1.4271
110.32
15.57
R2
1.2263
1.4227
110.10
14.29
R1
1.2237
1.4199
109.83
13.94
PP
1.2201
1.4155
109.61
13.50
S1
1.2175
1.4127
109.34
13.23
S2
1.2138
1.4083
109.13
12.71
S3
1.2112
1.4055
108.86
11.43
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.