Market Patrol 19 May 2021

Focus is a competitive advantage.

Apoorva Metha

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

USD/MUR receded to 40.75(selling) in the wake of Bank of Mauritius intervention yesterday.

Fundamental News

EUR/USD
The fiber bolstered to $1.2231 despite Eurozone Gross domestic product recorded a fall of 1.8% YoY, while employment fell 0.3% in Q1. FOMC meeting minutes eyed later.

GBP/USD
The cable steadied at $1.4190, supported by news that UK unemployment fell in the first quarter.

USD/JPY
Yen jostled to 108.94 per dollar on comments from Bank of Japan’s Kuroda that the central bank will continue to sustain powerful monetary easing patiently.

AUD/USD
The Aussie pierced $0.7785 following Australia Wage Price Index for the first quarter printed 0.6% this morning.

USD/ZAR
South Africa's rand firmed at 14.00 against the greenback as improving risk appetite lured investors away from the safe-haven dollar, even though there was some caution ahead of a local lending rates decision later in the week.

USD/MUR
The dollar-rupee receded to 40.75(selling) following the intervention of the Bank of Mauritius on the domestic market Tuesday.

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 - GBP - CPI (YoY)(Apr)

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

18:30 - USD - Crude Oil Inventories

22:00 - USD - FOMC Meeting Minutes

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

1.2337

1.4315

109.63

15.09

1.2285

1.4268

109.45

14.78

1.2254

1.4229

109.18

14.60

1.2202

1.4182

109.01

14.22

1.2171

1.4143

108.73

13.80

1.2119

1.4096

108.56

13.2

1.2088

1.4058

108.28

13.03

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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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