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Treasury

Daily Market Patrol

Market Patrol 6 May 2021

Respect is how to treat everyone, not just those who want to impress.

Richard Branson
Indicative Selling Rates
against MUR
USD
24 Apr 2024
  • AUD
  • 30.84
  • 0.6580
  • BWP
  • 3.43
  • 0.0732
  • CAD
  • 34.58
  • 1.3552
  • CNY
  • 6.56
  • 7.1461
  • DKK
  • 6.83
  • 6.8651
  • EUR
  • 50.42
  • 1.0758
  • HKD
  • 6.07
  • 7.7178
  • INR
  • 0.57
  • 81.9769
  • JPY
  • 30.62
  • 153.0506
  • KES
  • 35.48
  • 132.1115
  • NZD
  • 28.11
  • 0.5997
  • NOK
  • 4.40
  • 10.6625
  • SGD
  • 34.83
  • 1.3457
  • ZAR
  • 2.54
  • 18.4847
  • SEK
  • 4.40
  • 10.6565
  • CHF
  • 51.73
  • 1.1037
  • GBP
  • 58.66
  • 1.2515
  • USD
  • 46.87
  • 1.0000
  • AED
  • 12.96
  • 3.6156
Aussie tumbled to $0.77 on sino-aussie tensions.
Fundamental News

EUR/USD
The single currency wiggled around $1.2005, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. Germany will publish March Factory Orders, while the EU will release March Retail Sales today.

 

GBP/USD
Sterling oscillated around $1.39 on reports that UK-France tension over fishing rights meeting pushes British Prime Minister Johnson to dispatch two Royal Navy patrol boats to protect Jersey from a feared blockade by French fishing vessels, coupled with vaccine progress in UK.

 

USD/JPY
Japanese Yen fluctuated around 109.34 per dollar ahead of U.S Non-farm payrolls tomorrow.

 

AUD/USD
Aussie plummeted to $0.77 this morning after China’s state planner announced that the government has decided to put an end to the strategic alliance with Australia, deteriorating ties.

 

USD/ZAR
Rand surged to 14.34 against the greenback on reports that the African National Congress had suspended corruption-charged Magashule as President Ramaphosa is growing control over his divided party. All eyes on the scheduled review of South Africa's sovereign credit by Moody's on Friday.

 

USD/MUR
The dollar-rupee inched higher by 5 cents to 40.85(Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Composite PMI (Apr) 

12:30 - GBP - Services PMI (Apr) 

15:00 - GBP - BoE Inflation Report

15:00 - GBP - BoE Interest Rate Decision

15:25 - EUR - ECB President Lagarde speaks

 

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
1.2066
1.3977
109.77
15.09
R2
1.2046
1.3952
109.63
14.78
R1
1.2025
1.3927
109.43
14.60
PP
1.2006
1.3902
109.29
14.22
S1
1.1985
1.3877
109.09
13.80
S2
1.1965
1.3852
108.95
13.2
S3
1.1944
1.3827
108.76
13.03
Markey update on Biz Week by Christie Ng
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.