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Treasury

Daily Market Patrol

Market Patrol 4 March 2021

You will observe that the stories told are all about money seekers, not about money finders.

Edgar Allan Poe
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
U.S dollar spiked across the board amid rising U.S yields, Powell eyed.
Fundamental News

EUR/USD
The common currency recovered from $1.1990 to $1.2057 despite initially U.S ADP and ISM services reports disappointed expectations.

 

GBP/USD
Cable dropped to $1.3960, as the European Union promised legal action on Wednesday after the British government unilaterally extended a grace period for checks on food imports to Northern Ireland, a move Brussels said violated terms of Britain's divorce deal.

 

USD/JPY
Yen plummeted to 107.15 per greenback ahead of Fed Chair Powell speech at 17.05 GMT, eyeing any comments on rising yields and inflation expectations.

 

AUD/USD
Aussie picked up to $0.7805 on upbeat Australian trade numbers, ignoring poor retail sales data.

 

USD/ZAR
South African rand plummeted to 15.05 against the dollar after South African private sector activity expanded again in February but at a slightly slower pace than the previous month.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

13:30 - GBP - Construction PMI (Feb)

17:30 - USD - Initial Jobless Claims 

21:05 - USD - Fed Chair Powell Speaks

 

 

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
1.2174
1.4084
107.67
15.50
R2
1.2143
1.4045
107.41
15.29
R1
1.2103
1.3999
107.20
15.19
PP
1.2073
1.3960
106.94
15.02
S1
1.2032
1.3913
106.76
14.88
S2
1.2002
1.3874
106.47
14.79
S3
1.1962
1.3828
106.25
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.