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

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

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

1.2144

1.4114

109.22

15.70

1.2106

1.4066

108.59

15.46

1.2038

1.3978

108.24

15.34

1.2000

1.3929

107.60

15.23

1.1932

1.3841

107.25

14.98

1.1894

1.3792

106.62

14.86

1.1827

1.3704

106.27

14.39

Previous View Market Patrol Archives Next

Markey update on Biz Week by Christie Ng

Listen

Speak to our team

Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

Email

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.

Treasury

Daily Market Patrol