Market Patrol 16 April 2021

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Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

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

Head - Forex And Derivatives

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Head – Treasury Sales

+230 403 5500

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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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