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Treasury

Daily Market Patrol

Market Patrol 5 April 2021

We own what belongs to us whether we claim it or not.

Sarah M.Broom
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
USD/MUR clawed back gains amid BOM intervention.
Fundamental News

EUR/USD
Euro inched lower to $1.1754 in thin Easter Monday trade amid ongoing concerns in Europe, slower vaccination rate and the French government lowering its 2021 GDP growth forecast weighing on the shared currency.


GBP/USD
GBP eased to $1.3830 despite British government eyes Covid passports with a plan to back mass gatherings and concerts after completed jabbing 10% population.


USD/JPY
Yen steadied at 110.60 after Japanese Prime Minister Suga said on Sunday that he would expand emergency measures to contain a new wave of coronavirus infections amid fear of overspreading virus mutations.


AUD/USD
AUD hovered at $0.7614 ahead of the RBA's meeting on Tuesday.

 

USD/ZAR
Rand edged lower to 14.63 per greenback as Fitch Ratings has downgraded South Africa's Long-Term Foreign-Currency Issuer Default Rating to 'BB' from 'BB+'.


USD/MUR
The pair retreated to 40.85(selling) in the wake of Bank of Mauritius' intervention on Friday.

Fundamental & Technical Data
Economic Indicators-Local Time

18:00 - USD - ISM Non-Manufacturing PMI (Mar)

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
1.1821
1.3891
111.21
15.56
R2
1.1803
1.3872
110.98
15.11
R1
1.1783
1.3852
110.79
14.97
PP
1.1766
1.3832
110.60
14.84
S1
1.1746
1.3812
110.45
14.64
S2
1.1729
1.3793
110.23
14.52
S3
1.1709
1.3772
110.08
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.