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Treasury

Daily Market Patrol

Market Patrol 7 June 2021

In investing, what is comfortable is rarely profitable

Robert Arnott
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
The Shared currency soared to $1.2160 after U.S. jobs data dims hopes for Fed tightening
Fundamental News

EUR/USD
The Shared currency surged to $1.2160 after U.S. nonfarm payrolls data showed hiring increased in May as the pandemic eased, but not as much as expected, tempering expectations the Federal Reserve will tighten monetary policy sooner, rather than later.

 

GBP/USD
The Cable fell to $1.4125 on struggles to justify tapering fears and upbeat sentiment over the UK’s easing of virus-led activity restrictions, not to forget Brexit woes.

 

USD/JPY
The Japanese yen gained to 109.45 versus the U.S dollar, despite Bank of Japan officials predict a weaker Japanese economic outlook for April due to subdued domestic consumption caused by the extended state of emergency and supply-side restrictions caused by semiconductor shortages.

 

AUD/USD
The Aussie dollar rallied to $0.7736, ignoring disappointing Chinese trade figures and U.S. rate hike praises from  U.S. Treasury Secretary Janet Yellen this weekend.

 

USD/CAD
The Loonie gained to 1.2095, although Unemployment Rate in Canada ticked up to 8.2% in May.

 

USD/ZAR
South Africa's rand firmed at 13.43 versus the greenback thanks to a rise in commodity prices and a weakening U.S. dollar, as investors turned to riskier but high-yielding assets.

 

USD/MUR
The local pair weakened by 5 cents to 40.90(Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time
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
10-Jun-2021
Bank of England
0.10%
19-May-2020
24-Jun-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Jun-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
01-Jun-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
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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
1.2282
1.4333
111.09
15.57
R2
1.2234
1.4266
110.71
14.29
R1
1.2200
1.4216
110.12
13.94
PP
1.2152
1.4149
109.74
13.50
S1
1.2118
1.4099
109.15
13.23
S2
1.2070
1.4032
108.77
12.71
S3
1.2036
1.3982
108.18
11.43
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.