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Treasury

Daily Market Patrol

Market Patrol 7 May 2021

I have no special talent. I am only passionately curious.

Albert Einstein
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
EUR/USD rocketed to $1.2063 after US and EU jointly waived COVID-19 vaccine patent protections.
Fundamental News

EUR/USD
The single currency rocketed to $1.2063 after the U.S. and E.U. jointly waived COVID-19 vaccine patent protections, speeding up jabbing.

 

GBP/USD
The cable oscillated at $1.3909 after considerable whipsaw following the Bank of England's decision to adjust its asset purchases, though not enough to signal imminent policy normalization.

 

USD/JPY
The Japanese yen clung to modest gains at 109.10 per dollar as traders looked forward to Friday's April U.S. jobs report for market direction.

 

AUD/USD
The Aussie shot up at $0.7775 despite RBA Monetary Policy Statement repeats “no rate hike until 2024” while expecting upbeat GDP and easing unemployment rate in the future, coupled with China Caixin Services PMI marks positive surprise.

 

USD/ZAR
Rand rallied to 14.21 against the dollar as the governing African National Congress stood by a decision to suspend its Secretary-General Magashule charged with corruption.

 

USD/MUR
The dollar-rupee stayed put at 40.85(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - ECB President Lagarde Speaks

16:30 - USD - Nonfarm Payrolls (Apr)

16:30 - USD - Unemployment Rate (Apr)

 

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
1.2172
1.4019
109.77
15.09
R2
1.2122
1.3980
109.60
14.78
R1
1.2094
1.3935
109.34
14.60
PP
1.2043
1.3896
109.17
14.22
S1
1.2015
1.3852
108.92
13.80
S2
1.1965
1.3813
108.75
13.2
S3
1.1937
1.3768
108.50
13.03
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.