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Daily Market Patrol

Market Patrol 20 May 2021

Once you focus with clarity, if your base idea is good, you thrive.

Barry Diller
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
Safe-Haven U.S dollar rallied on more Taper talk announced in FOMC meeting minutes
Fundamental News

EUR/USD
The common currency hammered to $1.2179, soured after minutes from the Federal Reserve's last policy meeting revealed there was more taper talk on bond purchases reflation risks returned to the table.

 

GBP/USD
Sterling slammed to $1.4115 despite UK April Consumer Price Index rose 1.5% YoY, surpassing the 1.4% expected.

 

USD/JPY
Japanese yen plunged to 109.14 per safe-haven dollar, although U.S-China tension and Canberra-Beijing tussles growing concerns.

 

AUD/USD
Aussie plunged to $0.7750, dwarfed by mixed signals as Australia unemployment rate dropped while employment change shrank in April.

 

USD/ZAR
South African rand weakened to 14.06 as local consumer price inflation rose to its highest in more than a year, but not too high to dampen expectations that the central bank will not raise interest rates on Thursday.

 

USD/MUR
The local currency pair staggered at 40.75(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

16:00 - EUR - ECB President Lagarde Speaks

16:30 - USD - Philadelphia Fed Manufacturing Index (Mar)

16:30 - USD - Initial Jobless Claims

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
1.2312
1.4279
110.28
15.09
R2
1.2279
1.4240
109.81
14.78
R1
1.2227
1.4177
109.52
14.60
PP
1.2194
1.4138
109.05
14.22
S1
1.2142
1.4076
108.76
13.80
S2
1.2109
1.4037
108.28
13.2
S3
1.2057
1.3975
107.99
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.