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Treasury

Daily Market Patrol

Market Patrol 8 June 2021

It's not what we do once in a while that shapes our lives. It's what we do constantly

Tony Robbins
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 Shared currency picked up bid to $1.2184 ahead of Thursday's U.S inflation data and ECB meeting.
Fundamental News

EUR/USD
The Shared currency picked up bid to $1.2184 as investors looked to U.S. inflation data due later in the week after softer-than-expected jobs data quelled expectations of an early tapering in the Federal Reserve's stimulus. ECB meeting awaited on Thursday.

 

GBP/USD
The Cable hugged to $1.4154 on speculation of a delay in lifting lockdown restrictions amid the threat of ‘delta’ COVID-19 strain, first detected in India.

 

USD/JPY
The Japanese yen softened to 109.41 against the U.S dollar after upbeat Japan Q1 GDP this morning.

 

AUD/USD
The Aussie dollar clung to small gains at $0.7747 after Australian Services PMI data for May confirmed a fast-expanding sector and its strongest in 18 years.

 

USD/CAD
The Lonnie hardly budged at 1.2082 versus the greenback ahead of the Bank of Canada(BOC) interest rate decision on Wednesday.

 

USD/ZAR
South Africa's rand weakened to 13.56, pausing after rallying to a 28-month high, as investors took profits and looked ahead to local growth figures this week.

 

USD/MUR
The dollar-rupee stuck in a rut at 40.90(Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - German ZEW Economic Sentiment (Jun)

18:00 - USD - JOLTs Job Openings (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
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
-
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
1.2270
1.4287
109.99
15.57
R2
1.2236
1.4238
109.81
14.29
R1
1.2213
1.4208
109.54
13.94
PP
1.2179
1.4159
109.36
13.50
S1
1.2156
1.4129
109.09
13.23
S2
1.2122
1.4080
108.91
12.71
S3
1.2099
1.4050
108.64
11.43
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.