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

13 Sep 2024

AUD
31.67
0.6825

BWP
3.54
0.0763

CAD
34.47
1.3462

CNY
6.73
6.8936

DKK
6.99
6.6344

EUR
51.70
1.1141

HKD
6.04
7.6821

INR
0.56
82.5855

JPY
33.54
138.3498

KES
36.67
126.5504

NZD
28.94
0.6238

NOK
4.43
10.4807

SGD
36.28
1.2789

ZAR
2.71
17.1267

SEK
4.58
10.1253

CHF
54.95
1.1843

GBP
61.31
1.3214

USD
46.40
1.0000

AED
12.93
3.5875

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

1.2270

1.4287

109.99

15.57

1.2236

1.4238

109.81

14.29

1.2213

1.4208

109.54

13.94

1.2179

1.4159

109.36

13.50

1.2156

1.4129

109.09

13.23

1.2122

1.4080

108.91

12.71

1.2099

1.4050

108.64

11.43

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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.

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