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Treasury

Daily Market Patrol

Market Patrol 7 April 2021

Wisest is he who knows he does not know.

Socrates
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The Fiber energized amid speculation in uptick in U.S inflation.
Fundamental News

EUR/USD
The common currency soared to $1.1870 as US President Joe Biden's infrastructure spending plan of more than $2 trillion has fueled speculations about an uptick in US inflation.


GBP/USD
Sterling slipped to $1.3826, failing to benefit from strengthening global risk sentiment after stellar U.S. data. UK PM Johnson announced the second phase of lockdown easing on Monday and confirmed that nonessential stores would reopen from April 12.


USD/JPY
The safe-haven yen surged to 109.75 against the dollar despite comments from Japanese PM Suga declared a possible snap election before the end of September. International Monetary Fund upgraded its global economic growth forecast to 6.0% from 5.5% in January.


AUD/USD
Aussie inched up to $0.7650 following Australia’s Treasurer Josh Frydenberg offered upbeat comments on the hot property market, ahead of RBA its biannual Financial Stability Review on Friday.


USD/ZAR
South African rand marched to 14.51 after the country bought 20 million doses of the Pfizer-BioNTech dual-shot COVID-19 vaccine to boost the vaccination campaign.


USD/MUR
The local pair ensconced at 40.85(selling) on the domestic market despite a broad sell-off of the greenback.

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Composite PMI (Mar)

12:30 - GBP - Services PMI (Mar)

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
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
1.1986
1.4011
111.19
15.56
R2
1.1932
1.3965
110.87
15.11
R1
1.1904
1.3895
110.31
14.97
PP
1.1849
1.3848
109.99
14.84
S1
1.1821
1.3778
109.43
14.64
S2
1.1767
1.3732
109.11
14.52
S3
1.1739
1.3662
108.54
14.39
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.