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Daily Market Patrol

Market Patrol 18 May 2021

The real truth in making money consistently is to never think about making money.

Hurst Lin
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
U.S dollar bleeding on downbeat comments from U.S Fed member about monetary policy.
Fundamental News

EUR/USD
The single currency soared to $1.2163 as Dallas Federal Reserve President Kaplan on Monday reiterated his view that he does not expect interest rates to rise until next year. Eurozone GDP could justify European Commission’s upbeat forecast.

 

GBP/USD
The cable surged to $1.4170, although concerns on the final unlocking phase scheduled for June 21 as the Indian corona variant takes hold in part of England. U.K's claimant count for April and Unemployment Rate for three months to March will be the key to watch.

 

USD/JPY
Yen spiked to 109.18 against the U.S counterpart despite Japan's economy shrank more than expected in the first quarter as a slow vaccine rollout, and new COVID-19 infections hit spending.

 

AUD/USD
Aussie swarmed up to $0.7786 amid optimistic remarks from Australia Treasury Sec. Kennedy that the Australian economy recovery is stronger than in many other countries.

 

USD/CAD
The oil-related loonie moved to a fresh high at 1.2041 per dollar, after the Empire State report from the New York Federal Reserve showed a survey record high of prices paid by manufacturers in New York state as materials producers struggle to keep up with booming demand.

 

USD/ZAR
South African rand climbed to 14.05 against the greenback as fears of a new wave of COVID-19 infections in Asia dampened demand for emerging market currencies. Local interest rate decision on Thursday may provide fresh impetus.

 

USD/MUR
The domestic pair sat tight at 40.88(Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - Average Earnings Index + Bonus (Mar)

10:00 - GBP - Claimant Count Change (Apr)

16:30 - USD - Building Permits (Apr)

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
16-Jun-2021
European Central Bank
0.00%
10-Mar-2016
10-Jun-2021
Bank of England
0.10%
19-May-2020
04-Jun-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Jun-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
01-Jun-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
20-May-2021
Reserve Bank of India
4.00%
22-May-2020
06-Aug-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
R3
1.2215
1.4232
109.88
15.09
R2
1.2192
1.4189
109.69
14.78
R1
1.2172
1.4162
109.46
14.60
PP
1.2149
1.4120
109.27
14.22
S1
1.2129
1.4092
109.03
13.80
S2
1.2106
1.4050
108.84
13.2
S3
1.2087
1.4023
108.60
13.03
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.