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Treasury

Daily Market Patrol

Market Patrol 9 April 2021

Be less curious about people and more curious about ideas.

Marie Curie
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 pressured down by disappointing U.S jobless claims data.
Fundamental News

EUR/USD
The euro burst back above $1.1900 as the minutes from the latest ECB meeting were less dovish than expected, coupled with a disappointing report on U.S jobless claims dragged U.S. Treasury yields lower.

 

GBP/USD
The pound held down to $1.3735 amid growing concerns about Britain's reliance on AstraZeneca's vaccine. Safety concerns and supply problems have plagued the vaccine.

 

USD/JPY
Yen lifted to 109.30 per dollar after Fed Chair Jerome Powell reiterated the dovish outlook on the monetary policy at an IMF panel while downplaying the inflation risks.

 

AUD/USD
Aussie wobbled at $0.7640 on mixed Chinese inflation figures, and RBA warned of excessive lending risks amid a surge in house prices in its latest Financial Stability Review.

 

USD/ZAR
Rand eased to 14.54 versus the greenback on sluggish domestic manufacturing production data.

 

USD/MUR
Dollar-rupee traded with a firm bias at 40.85(selling) on continued demand for FCY on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - PPI (MoM)(Mar)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
28-Apr-2021
European Central Bank
0.00%
10-Mar-2016
22-Apr-2021
Bank of England
0.10%
19-May-2020
06-May-2021
Bank of Japan
-0.10%
28-Jan-2016
27-Apr-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
06-Apr-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
07-Apr-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
1.2007
1.3834
110.69
15.09
R2
1.1967
1.3808
110.30
14.78
R1
1.1940
1.3770
109.79
14.60
PP
1.1900
1.3745
109.39
14.54
S1
1.1873
1.3707
108.88
14.47
S2
1.1834
1.3681
108.49
14.39
S3
1.1807
1.3643
107.98
14.24
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.