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Treasury

Daily Market Patrol

Market Patrol 4 June 2021

I never worried that I deserve the money. I deserve every penny I make.

Shonda Rhimes
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
U.S dollar snapped higher across the board on cheerful U.S private job data. Non Farm Payrolls eyed.
Fundamental News

EUR/USD
The single currency cascaded to $1.2110 after robust U.S jobs data threw investors' focus on the strength of the U.S. recovery and its possibility of it driving policy tightening.

 

GBP/USD
The cable slammed to $1.4090 as concerns of the delta Covid-19 Indian variant detected in Britain might delay the UK plan of ease of all covid-19 restrictions.

 

USD/CAD
Loonie plunged to 1.2115 per dollar on upbeat U.S crude oil inventories yesterday.

 

USD/JPY
Yen nosedived to 110.25 against the greenback on speculation that Japan Prime Minister will call for a snap election after the Tokyo Olympics and Paralympics Games coupled with another economic stimulus package to be announced before the snap election.

 

AUD/USD
The Australian dollar licked wounds at $0.7652, after falling to its lowest since mid-April overnight, ahead of Non-farm Payrolls at 16:30 (MUT).

 

USD/ZAR

South African rand hammered to 13.63 per dollar, as strong U.S data overshadowed local economic recovery sentiments with worries of impending inflation and higher interest rate in the U.S.

 

USD/MUR
The dollar-rupee popped by 5 cents to 40.95(selling), bolstered by a strong dollar abroad.

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Construction PMI (May)

15:00 - USD - Fed Chair Powell Speaks

15:00 - EUR - ECB President Lagarde Speaks

16:30 - USD - Nonfarm Payroll

16:30 - USD - Unemployment Rate (May)

 

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
1.2284
1.4294
111.33
15.57
R2
1.2249
1.4248
110.83
14.29
R1
1.2188
1.4178
110.55
13.94
PP
1.2153
1.4132
110.05
13.50
S1
1.2092
1.4061
109.78
13.23
S2
1.2057
1.4016
109.27
12.71
S3
1.1996
1.3945
109.00
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.