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Treasury

Daily Market Patrol

Market Patrol 30 March 2021

Things work out best for those who make the best of how things work out

John Wooden
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 Japanese yen hit one year low as massive U.S. stimulus measures flaming inflation concerns.
Fundamental News

EUR/USD
The Common currency dipped to $1.1707 as investors bet that the next leg of the fiscal stimulus and an aggressive vaccine rollout will boost the economic recovery in the US; ahead of the highly-anticipated Biden’s speech.

 

GBP/USD
The Pound tumbled to $1.3730, unable to shake off the U.S dollar advances despite the U.K. still being a trend-setter in vaccinations.

 

USD/JPY
Yen extended losses to 110.88 versus the U.S dollar amid a spike in bond yields, as accelerating vaccinations and massive stimulus in the United States stoked inflation concerns.

 

USD/CAD
The Lonnie lost ground to $1.2617 amid deterioration in market sentiment and the US dollar's ongoing strength ahead of Canadian GDP data.

 

AUD/USD
The Aussie dollar faded to $0.7605 under the weight of dollar demand and weaker commodity prices.

 

USD/ZAR
Rand unfazed at 14.91 versus the U.S dollar after President Cyril Ramaphosa's speech to the nation on the country's response to the COVID-19 pandemic.

 

USD/MUR
The dollar-rupee extended gains by five cents to 40.90(selling), catching up with USD dollar strength abroad.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - GDP (YoY)(Q4)

10:00 - GBP - GDP (QoQ)(Q4)

11:55 - EUR - German Unemployment Change (Mar)

13:00 - EUR - CPI (YoY)(Mar)

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

16:30 - CAD - GDP (MoM)(Jan)

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
1.1819
1.3857
111.28
15.56
R2
1.1797
1.3820
110.86
15.11
R1
1.1757
1.3780
110.60
14.97
PP
1.1735
1.3743
110.18
14.84
S1
1.1695
1.3703
109.92
14.64
S2
1.1673
1.3666
109.50
14.52
S3
1.1633
1.3626
109.24
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.