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Treasury

Daily Market Patrol

Market Patrol 31 May 2021

There is a fountain of youth: It is your mind, your talents, the creativity you bring to your life.

Sophia Loren
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 U.S dollar trimmed gains following budget announcement from U.S. President Biden.
Fundamental News

EUR/USD
The single currency surged from $1.2130 to $1.2200 as upbeat U.S Consumer price index data on Friday appeared to reinforce investors' inflation concerns. Market awaits German’s Harmonized Index of Consumer Prices for May due today.

 

GBP/USD
Sterling retested near $1.42 in the wake of Bank of England policymaker Gertjan Vileghe’s comments on a probable rate hike.

 

USD/JPY
The Japanese yen bolstered to 109.70 from 110.20 per greenback on the unveiling of US President Joe Biden’s $6.0 trillion budget and upbeat GDP forecasts, trimming the safe-haven bid of the US dollar.

 

AUD/USD
The Aussie vaulted to $0.7724 on broad-based U.S dollar selling, while China’s headline NBS Manufacturing PMI eased to 51, with 51.1 prior.

 

USD/ZAR
South African rand popped to 13.77 against the dollar as bets of lower lending rates for longer in the United States outweighed jitters over rising inflation.

 

USD/MUR
The dollar-rupee stayed put at 40.88(Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

 

 

 

 

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
1.2293
1.4296
110.56
15.09
R2
1.2249
1.4253
110.38
14.78
R1
1.2221
1.4222
110.11
14.60
PP
1.2177
1.4179
109.93
14.22
S1
1.2148
1.4148
109.65
13.80
S2
1.2105
1.4105
109.47
13.2
S3
1.2076
1.4073
109.20
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.