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Treasury

Daily Market Patrol

Market Patrol 8 March 2021

It's kind of cool when people underestimate you. Because you can show them what's up.

Lindsay Driver
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
U.S dollar rallied across the board on approved $1.9 trillion stimulus plan by U.S Senate
Fundamental News

EUR/USD
The single currency plunged to $1.1907 after the US Senate passed the $1.9 trillion stimulus package on Saturday. German Industrial Production and the Eurozone Sentix Investor Confidence may provide directional bias.

 

GBP/USD
Cable succumbed to losses to $1.3826, while UK ends lockdown today, according to the plan outlined by Prime Minister Boris Johnson. All eyes remain on the BOE Governor Bailey's speech at 10:00(GMT).

 

USD/JPY
The Japanese Yen slammed to 108.35 per dollar, on reports that Chinese Foreign Minister Wang Yi urged US President Joe Biden’s administration to stop meddling into Beijing affairs while warning them to tread carefully on the Taiwan issue.

 

AUD/USD
Aussie pierced to $0.7699 following Chinese trade figures released over the weekend showed the Trade Balance surplus in dollar terms resulted in $103.25 billion, much better than anticipated.

 

USD/ZAR
South African rand edged lower to 15.35 per dollar on dollar strength amid stellar U.S Non-farm payrolls on Friday.

 

USD/MUR
The Mauritian rupee edged lower against the dollar by 5 cents to 40.35(selling) on the domestic market.

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
17-Mar-2021
European Central Bank
0.00%
10-Mar-2016
03-Mar-2021
Bank of England
0.10%
19-May-2020
04-Feb-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Mar-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
02-Mar-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
-
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
1.2050
1.4038
109.55
15.70
R2
1.2014
1.3972
109.10
15.46
R1
1.1965
1.3909
108.72
15.34
PP
1.1929
1.3844
108.27
15.23
S1
1.1880
1.3781
107.90
14.98
S2
1.1844
1.3716
107.45
14.86
S3
1.1796
1.3653
107.07
14.39
Weekly Technical Analysis on GBP by Aassan Deedarun 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.