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

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

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

1.2312

1.4279

110.28

15.09

1.2279

1.4240

109.81

14.78

1.2227

1.4177

109.52

14.60

1.2194

1.4138

109.05

14.22

1.2142

1.4076

108.76

13.80

1.2109

1.4037

108.28

13.2

1.2057

1.3975

107.99

13.03

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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.

Treasury

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