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Treasury

Daily Market Patrol

Market Patrol 5 May 2021

Being rich is having money; being wealthy is having time.

Margaret Bonnand
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 swarmed up as Fed's Kashkari caps hopes for future interest rate hike initially triggered by U.S Secretary Yellen.
Fundamental News

EUR/USD
The fiber lost ground to $1.2021 as Fed's Kashkari caps hopes for future interest rate hike initially triggered by U.S Secretary Yellen. Eurozone’s quarterly economic forecasts and second readings of April PMIs may offer fresh impetus.

 

GBP/USD
Sterling surged to $1.39 ahead of a Bank of England meeting on Thursday, with a possible announcement of a slowdown in its bond-buying program as the vaccine rollout bolsters Britain's economy, shrugging off Brexit woes on fishing waters with France.

 

USD/JPY
Yen tread water around 109.31 per dollar on optimism about the prospects for a relatively faster US economic recovery from the pandemic. All eyes on US ADP Employment Change and ISM Services PMI releases for April later this week.

 

AUD/USD
The Aussie mounted to $0.7732 on reports that the Australian government has suspended its plans to fast track tax cuts for the wealthy, as the post-pandemic recovery is faster-than-expected.

 

USD/ZAR
South African rand recovered from 14.54 to 14.42 per dollar although South Africa is being challenged with a rapid build-up in public debt exacerbated by the Covid-19 pandemic.

 

USD/MUR
Dollar-rupee remains intact at 40.80(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

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

18:30 - USD - Crude Oil Inventories

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
12-May-2021
Bank of England
0.10%
19-May-2020
06-May-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Jun-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
04-May-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
1.2121
1.3999
110.01
15.09
R2
1.2093
1.3957
109.75
14.78
R1
1.2054
1.3923
109.54
14.60
PP
1.2026
1.3881
109.29
14.22
S1
1.1987
1.3847
109.09
13.80
S2
1.1959
1.3804
108.83
13.2
S3
1.1920
1.3770
108.63
13.03
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.