Market Patrol 17 March 2021

If you are not willing to risk the usual, you will have to settle for the ordinary.

Jim Rohn

Indicative Selling Rates
against MUR
USD

20 Dec 2024

AUD
30.10
0.6322

BWP
3.54
0.0745

CAD
33.29
1.4301

CNY
6.72
7.0815

DKK
6.71
7.0904

EUR
49.58
1.0414

HKD
6.22
7.6568

INR
0.57
83.7507

JPY
31.08
153.1735

KES
37.41
127.2757

NZD
27.03
0.5677

NOK
4.24
11.2216

SGD
35.54
1.3396

ZAR
2.68
17.7715

SEK
4.37
10.8960

CHF
53.34
1.1203

GBP
59.72
1.2543

USD
47.61
1.0000

AED
13.26
3.5895

The USD/MUR jumped out of its bed after Bank of Mauritius intervention yesterday.

Fundamental News

EUR/USD
The euro eased to $1.1900 this morning, undermined by a possible delay in vaccinations after Sweden and Latvia joined countries suspending their use in a further blow to Europe's vaccination.

GBP/USD
The Cable bounced back to $1.3890 on the back of weak U.S. economic data, with U.S. retail sales and Industrial Production falling more than expected.

USD/JPY
The Japanese yen ticked up to 109.11 against the U.S dollar ahead of Friday’s BoJ rate decision.

AUD/USD
The Aussie dollar crumbled to $0.7730 ahead of Wednesday’s FOMC monetary policy decision and a pool of economic data in tomorrow's Asian session.

USD/ZAR
South Africa's rand lost ground to 14.90 against the greenback as the currency continued to take its cue from swings in global markets.

USD/MUR
The dollar-rupee jumped out of its bed by 30 cents to 40.70(selling) this morning after BOM's stunning intervention at 40.25 yesterday.

Fundamental & Technical Data

Economic Indicators-Local Time

14:00 - EUR - CPI (YoY) (Feb)

16:30 - USD - Building Permits (Feb)

16:30 - CAD - Core CPI (MoM) (Feb)

18:30 - USD - Crude Oil Inventories

22:00 - USD - FOMC Economic Projections

22:00 - USD - Fed Interest Rate Decision

22:30 - USD - FOMC Press Conference

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

1.2013

1.4027

109.80

15.70

1.1982

1.3966

109.54

15.46

1.1943

1.3930

109.28

15.34

1.1912

1.3869

109.02

15.23

1.1873

1.3833

108.76

14.98

1.1842

1.3772

108.50

14.86

1.1803

1.3736

108.24

14.39

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Allan Juste

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Head – Treasury Sales

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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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