Market Patrol 16 April 2021

The way to get started is to quit talking and begin doing

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Indicative Selling Rates
against MUR
USD

18 Sep 2024

AUD
31.77
0.6861

BWP
3.56
0.0769

CAD
34.36
1.3475

CNY
6.72
6.8848

DKK
7.00
6.6105

EUR
51.77
1.1181

HKD
6.03
7.6774

INR
0.56
82.4258

JPY
33.34
138.8749

KES
36.53
126.7412

NZD
28.97
0.6257

NOK
4.46
10.3825

SGD
36.33
1.2745

ZAR
2.73
16.9900

SEK
4.61
10.0425

CHF
55.11
1.1902

GBP
61.24
1.3228

USD
46.30
1.0000

AED
12.91
3.5873

South Africa's rand rallied to its highest in more than 14 months on positive local data.

Fundamental News

EUR/USD
The Single Currency licked its wounds near $1.1955 weighed by increasing odds of the bloc's delay in the economic recovery as the coronavirus vaccine shortages are the critical challenge for Brussels.

GBP/USD
The Cable skipped down to $1.3760 amid a slowing pace of vaccination due to rare cases of blood clots related to the AstraZeneca vaccine dwelling on the pound.

USD/JPY
The Japanese yen strengthened at 108.80 versus the greenback after Reuter's Tankan survey suggested Japan's Manufacturer's sentiment brightened in April, while US-Russia and Sino-American tussles also underpinned risk aversion.

AUD/USD
The Aussie dollar slipped to $0.7730 after mixed Chinese data flow failed to impress the market.

USD/CAD
The Canadian dollar ticked down to 1.2535 against a stronger U.S dollar.

USD/ZAR
South Africa's rand rallied to its highest in more than 14 months on Wednesday, as positive local retail sales data supported the currency's demand.

USD/MUR
The dollar-rupee edged higher to 40.85(selling) as demand for Fx from importers remained unabated.

Fundamental & Technical Data

Economic Indicators-Local Time

13:00 - EUR - CPI (YoY) (Mar)

16:30 - USD - Building Permits (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

1.2024

1.3852

109.33

15.09

1.2009

1.3830

109.16

14.78

1.1987

1.3805

108.96

14.60

1.1972

1.3783

108.79

14.22

1.1950

1.3758

108.59

13.80

1.1935

1.3736

108.42

13.2

1.1913

1.3711

108.22

13.03

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Allan Juste

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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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