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Treasury

Daily Market Patrol

Market Patrol 9 March 2021

Money is a terrible master but an excellent servant.

P.T. Barnum
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
EUR/USD dropped to a low of $1.1835 as sell-off continued, amid rising U.S bond yields
Fundamental News

EUR/USD
The single currency hammered to a low of $1.1835 on the back of a stronger U.S. dollar, with the greenback taking its cues primarily from higher US bond yields, particularly in the treasury curve’s belly.

GBP/USD
Sterling meandered at $1.3830 supported by progress in the UK's COVID-19 vaccination programme despite BoE Bailey's comments urging "cautionary realism" about Britain's economic prospects.

 

USD/JPY
Japanese Yen lost ground to 109.20 per dollar, although Japan GDP meant that the economy shrank over the full year, its first contraction since 2009.

 

AUD/USD
Aussie plummeted to $0.7649, although an upbeat NAB Business survey. Market awaits RBA Lowe speech on Wednesday.

 

USD/ZAR
Rand plunged to 17.57 against the buck amid rising U.S Treasury yields. U.S Federal Reserve will release its fresh projections when it concludes its two-day policy meeting on March 17.

 

USD/MUR
The dollar-rupee soared by 5 cents to 40.40(selling)powered by the Bank of Mauritius's intervention yesterday.

Fundamental & Technical Data
Economic Indicators-Local Time

16:00 - USD- EIA Short Term Energy Outlook

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
1.1991
1.3920
109.81
15.70
R2
1.1961
1.3893
109.38
15.46
R1
1.1903
1.3855
109.14
15.34
PP
1.1874
1.3828
108.71
15.23
S1
1.1816
1.3791
108.48
14.98
S2
1.1787
1.3763
108.04
14.86
S3
1.1729
1.3726
107.81
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.