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Treasury

Daily Market Patrol

Market Patrol 5 March 2021

Shake off that decision that seasonal lethargy that weakens resolution and devitalizes ambition.

Helena Rubinstein
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 skyrocketed across the board on cheerful Fed Chair comments, awaiting NPF..
Fundamental News

EUR/USD
The fiber suffered a hammer blow to $1.1959 after Fed Chair Jerome Powell indicated no concerns about the recent surge in 10-year U.S. Treasury yields as he pursues far-off goals of maximum employment and 2% inflation.

 

GBP/USD
Sterling cascaded to $1.3885 on concerns by the UK that the European Union is ignoring Britain's trade treatment of Northern Ireland. All eyes are on the US Nonfarm Payrolls.

 

USD/JPY
Yen nosedived to 108.08 per dollar on BoJ Kuroda's comments that the central bank “will be vigilant to financial imbalances in guiding policy.”

 

AUD/USD
The Aussie slammed to $0.7720, following news that China promised to keep average annual GDP growth within 'reasonable' range in 2021-2025.

 

USD/ZAR
Rand fell to 15.30 against the greenback as the market turned risk-averse on dovish Fed Chair Powell comments.

 

USD/MUR
The dollar-rupee surged by 5 cents to 40.30(selling) on the local market, mimicking international market movements.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - Nonfarm Payrolls

17:30 - USD - Unemployment Rate (Feb)

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
1.2144
1.4114
109.22
15.70
R2
1.2106
1.4066
108.59
15.46
R1
1.2038
1.3978
108.24
15.34
PP
1.2000
1.3929
107.60
15.23
S1
1.1932
1.3841
107.25
14.98
S2
1.1894
1.3792
106.62
14.86
S3
1.1827
1.3704
106.27
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.