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Treasury

Daily Market Patrol

Market Patrol 20 April 2021

No great discovery was ever made without a bold guess.

Isaac Newton
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
USD/MUR pulled back to 40.80(selling) following Bank of Mauritius' intervention on the domestic market.
Fundamental News

EUR/USD
The single currency spiked to $1.2060 for the first time since March 4 following the announcement that the European Union has secured an additional 100 million doses of COVID-19 vaccine by BioNTech and Pfizer speculation that the Federal Reserve could tone down its dovish policy guidance.


GBP/USD
The pound gained strong positive traction to $1.3993 on optimism concerning the U.K.'s economic recovery, backed by faster vaccinations. Market awaiting the U.K.'s employment figures for fresh impulse.

 

USD/JPY
Yen refreshed gains to a 6-week high at 107.95 per dollar on Monday as reduced Fed rate hike bets continued forming a backdrop on the U.S dollar.


AUD/USD
The Aussie extended last week's upturn to $0.7790 despite dovish RBA's minutes of last meeting and PBOC Interest Rate Decision unchanged.


USD/ZAR
South African rand spurred to 14.20 per dollar on higher demand for commodities as global sentiment improved with the falling COVID-19 infections.


USD/MUR
The local currency pair pulled back to 40.80(selling) following the Bank of Mauritius' intervention on the domestic market.

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
R3
1.2182
1.4232
109.50
15.09
R2
1.2115
1.4112
109.17
14.78
R1
1.2077
1.4049
108.67
14.60
PP
1.2010
1.3930
108.34
14.22
S1
1.1971
1.3866
107.85
13.80
S2
1.1904
1.3747
107.52
13.2
S3
1.1866
1.3684
107.02
13.03
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.