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Treasury

Daily Market Patrol

Market Patrol 6 April 2021

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Warren Buffet
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 collapsed against major currencies, moving in tandem with retreating U.S Treasury yields.
Fundamental News

EUR/USD
The single currency extended gains to $1.1807 as buoyant risk appetite weighed on the safe-haven U.S dollar ahead of the Eurozone data.

 

GBP/USD
The pound rallied to $1.3910 amid optimism rising on to stage two of the government’s “roadmap” to reopening the economy on April 12th, eyeing the UK PM Johnson press conference at 16:00 GMT to unveil a new traffic light system for foreign travel and a Covid passport.

 

USD/JPY
Yen pierced to 110.20 against the greenback after Japan’s inflation-adjusted real wages rose 0.2% YoY for the first time in a year in February.

 

AUD/USD
AUD held at $0.7650 in the wake Reserve Bank of Australia's decision to keep the official cash rate unadjusted at a record low of 0.10%.


USD/ZAR
Rand jumped to 14.57 as record-high U.S ISM service PMI bolstered the global outlook.

 

USD/MUR
The local pair paused for breath at 40.85(selling) on Tuesday.

Fundamental & Technical Data
Economic Indicators-Local Time

16:00 - USD - EIA Short-term Energy Outlook

18:00 - USD - JOLTs Job Opening

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
1.1925
1.4039
111.42
15.56
R2
1.1872
1.3976
111.09
15.11
R1
1.1843
1.3939
110.63
14.97
PP
1.1790
1.3876
110.30
14.84
S1
1.1761
1.3838
109.84
14.64
S2
1.1708
1.3776
109.51
14.52
S3
1.1679
1.3738
109.05
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.