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Treasury

Daily Market Patrol

Market Patrol 3 March 2021

Giving people money is momentary; giving somebody knowledge and awareness is a lifetime type of thing.

Trinidad James
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
EUR/USD vaulted to $1.2085 on rising U.S Treasury yields
Fundamental News

EUR/USD
The common currency vaulted to $1.2085 on a weaker dollar, after the risk sentiment recovered on retreating U.S Treasury yields, which eased off the pressure on the Fed to act, shrugging off mixed eurozone data yesterday.

 

GBP/USD
Sterling rallied to $1.3921 on mounting expectation of Finance Minister Sunak promising budget speech to announce an extension of his emergency support measures, including huge income subsidies that are on track to cost more than 100 billion pounds.

 

USD/JPY
Yen staggered around 106.87 per greenback, on comments from Bank of Japan board member Kataoka that Bank of Japan must lower both short and long-term policy interest rates via ramping up purchases of Japanese government bonds.

 

AUD/USD
Aussie spiked to $0.7813 following Australia's economy expanded 3.1% quarter-on-quarter in the final three months of 2020.

 

USD/ZAR
Rand surged to 14.96 per dollar, powered by Absa Purchasing Managers' Index which expanded at a faster pace in February compared with January, supported by an increase in new sales and business activity.

 

USD/MUR
The dollar-rupee lingered at 40.25(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:30 - USD - Composite PMI (Feb)

13:30 - USD - Services PMI (Feb)

16:30 - GBP - Annual Budget Release

17:15 - USD - ADP Nonfarm Employment Change (Feb)

19:00 - USD - ISM Non-Manufacturing PMI (Feb)

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
17-Mar-2021
European Central Bank
0.00%
10-Mar-2016
03-Mar-2021
Bank of England
0.10%
19-May-2020
04-Feb-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Mar-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
02-Mar-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
-
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
1.2228
1.4127
107.19
15.50
R2
1.2161
1.4052
107.07
15.29
R1
1.2125
1.4009
106.91
15.19
PP
1.2059
1.3934
106.79
15.02
S1
1.2023
1.3891
106.63
14.88
S2
1.1956
1.3816
106.52
14.79
S3
1.1920
1.3773
106.35
14.69
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.