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Treasury

Daily Market Patrol

Market Patrol 9 June 2021

Courage is going from failure to failure without losing enthusiasm

Sir Winston Churchill
Indicative Selling Rates
against MUR
USD
29 Jul 2021
  • AUD
  • 31.96
  • 0.7441
  • BWP
  • 3.92
  • 0.0914
  • CAD
  • 34.67
  • 1.2389
  • CNY
  • 6.72
  • 6.3876
  • DKK
  • 6.95
  • 6.1823
  • EUR
  • 51.12
  • 1.1901
  • HKD
  • 5.61
  • 7.6513
  • INR
  • 0.59
  • 73.1726
  • JPY
  • 39.42
  • 108.9545
  • KES
  • 40.09
  • 107.1466
  • NZD
  • 30.17
  • 0.7024
  • NOK
  • 4.98
  • 8.6294
  • SGD
  • 32.05
  • 1.3403
  • ZAR
  • 2.97
  • 14.4620
  • SEK
  • 5.06
  • 8.4834
  • CHF
  • 47.56
  • 1.1073
  • GBP
  • 60.03
  • 1.3976
  • USD
  • 42.95
  • 1.0000
The Loonie on the edge at 1.2107 ahead of today’s Bank of Canada monetary policy meeting.
Fundamental News

EUR/USD
The Shared currency entrenched in a narrow range at $1.2180 as investors await the European Central Bank policy decision tomorrow to further gauge the economic recovery from COVID-19 and central banks’ potential next steps.

 

GBP/USD
The Cable swung back and forth near $1.4150 as concern is growing that the rising case numbers of the COVID-19 Delta variant in the U.K. could mean a delay in the ending of lockdown measures.

 

USD/JPY
The Japanese yen hovered near 109.47 against the greenback ahead of tomorrow U.S core CPI data.

 

AUD/USD
The Aussie dollar dragged to $0.7740 below that expected China’s consumer price index for May, released earlier in the day.

 

USD/CAD
The Loonie lost ground to 1.2107 amid broad US dollar strength and anxiety ahead of today’s Bank of Canada monetary policy meeting.

 

USD/ZAR
South Africa's rand dipped slightly to 13.58 against the dollar as a recovering dollar put the brakes on the currency's recent rally despite better-than-expected economic growth data.

 

USD/MUR
The dollar-rupee perched close to its highest near 40.90(Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

18:00 - CAD - BoC Interest Rate Decision 

18:30 - USD - Crude Oil Inventories 

 

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
1.2220
1.4249
109.99
15.57
R2
1.2207
1.4217
109.77
14.29
R1
1.2190
1.4184
109.63
13.94
PP
1.2177
1.4152
109.41
13.50
S1
1.2160
1.4119
109.27
13.23
S2
1.2147
1.4087
109.05
12.71
S3
1.2130
1.4054
108.91
11.43
Weekly Technical analysis update by Allan Juste 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.