Market Patrol 19 April 2021

Lost Time is never found again.

Benjamin Franklin

Indicative Selling Rates
against MUR
USD

23 Apr 2024

AUD
30.68
0.6522

BWP
3.45
0.0733

CAD
34.62
1.3589

CNY
6.58
7.1457

DKK
6.82
6.8986

EUR
50.38
1.0709

HKD
6.09
7.7204

INR
0.57
82.0223

JPY
30.75
152.9787

KES
35.74
131.6321

NZD
28.10
0.5974

NOK
4.37
10.7565

SGD
34.91
1.3474

ZAR
2.53
18.5665

SEK
4.39
10.7267

CHF
51.90
1.1034

GBP
58.40
1.2415

USD
47.04
1.0000

AED
13.01
3.6157

The single currency clawed back gains to $1.1955 over European recovery plan deadline submission.

Fundamental News

EUR/USD
The Single currency hits its highest since March 4 at $1.1995 on Friday, before changing hands lower at $1.1955 on Monday, undermined by news that some European Union governments will miss the April 30 deadline to submit their recovery plans to the European Commission.

GBP/USD
The pound sprung back to life at $1.3836 with the re-opening of retail stores last week, ahead of U.K. unemployment, inflation and retail sales figures due this week.

USD/JPY
Yen extended gains at 108.65 on U.S dollar weakness, as investors increasingly bought into the Fed's insistence it would keep an accommodative policy stance for a while longer.

AUD/USD
Aussie sank to $0.7725 as concerns over the rising Covid infections worldwide and uncertainty around the U.S. infrastructure spending plan unnerved the market.

USD/ZAR
South Africa's rand fell to 14.26 per dollar despite record first-quarter economic growth in China joined global rally.

USD/MUR
The dollar-rupee loitered at 40.85(selling) on a quiet start in most of the forex space.

Fundamental & Technical Data

Economic Indicators-Local Time

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

1.2047

109.31

109.33

15.09

1.2021

109.14

109.16

14.78

1.2003

108.96

14.60

1.1977

108.79

14.22

1.1959

108.61

108.59

13.80

1.1933

108.43

108.42

13.2

1.1915

108.25

108.22

13.03

Previous View Market Patrol Archives Next

Markey update on Biz Week by Christie Ng

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