Market Patrol 23 March 2021

Risk comes from not knowing what you are doing.

Warren Buffet

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

U.S dollar meandered across the board amid fresh clues from Powell and Yellen tonight.

Fundamental News

EUR/USD
The Single currency firmed at $1.1930 following Germany's Chancellor confirmed an extension to the lockdown until April 18. The focus will be on the Congressional testimony by the Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen.

GBP/USD
The Pound eased to $1.3860 as investors weighed up the impact of the European Union’s threat to impose a ban on vaccine imports to Britain. EU’s leaders are due to discuss imposing a possible ban on vaccine exports to Britain at a summit on Thursday.

USD/JPY
Japanese yen tumbled to 108.75 against the greenback after U.S. home sales fell more than expected in February as cold weather blanketed many parts of the country.

AUD/USD
Aussie dipped to $0.7713 after China hit back immediately on the imposed sanctions on Chinese officials for human rights abuses in Xinjiang with punitive measures against the EU and further escalated diplomatic tensions.

USD/ZAR
The rand wobbled near 14.76 ahead of the South African Reserve bank’s meeting on Thursday.

USD/MUR
Dollar-rupee strengthened at 40.75 on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - Average Earnings Index + Bonus (Jan)

11:00 - GBP - Claimant Count Change (Feb)

18:00 - USD - Fed Chair Powell Testifies

18:00 - USD - New Home Sales (Feb)

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

1.2035

1.3947

109.38

15.56

1.1991

1.3912

109.17

15.11

1.1962

1.3888

109.01

14.97

1.1918

1.3853

108.80

14.84

1.1889

1.3829

108.64

14.64

1.1845

1.3794

108.43

14.52

1.1815

1.3770

108.27

14.39

Previous View Market Patrol Archives Next

Weekly Market Update by Reshma Peerun Rajwani

Listen

Speak to our team

Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

Email

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.

Treasury

Daily Market Patrol