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Treasury

Daily Market Patrol

Market Patrol 21 April 2021

Be less curious about people and more curious about ideas.

Marie Curie
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
The cable turned tail from peak $1.40 despite upbeat U.K jobs data.
Fundamental News

EUR/USD
The single currency retreated from a peak of $1.2080 to $1.2027 despite an announcement from J&J to resume distribution of the COVID-19 vaccine in Europe. Market eyeing ECB's rate decision on Thursday.

 

GBP/USD
The pound turned tail from a peak of $1.4000 to $1.3920 as Brexit jitters, and Covid woes superseded the upbeat U.K. jobs data and re-opening optimism.

 

USD/JPY
Yen strengthened to 108.00 per dollar on risk-off mood as concern lingered over rising global COVID-19 cases.

 

AUD/USD
Aussie slumped to $0.7710 despite support from strong Australian Retail Sales data as a recovering dollar index start to weigh in.

 

USD/ZAR
Rand slipped to 14.32 versus the U.S dollar on the back of a dismal market's mood. South Africa's Core CPI for March closely watched at noon.

 

USD/MUR
The local pair steadied at 40.80(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - CPI (YoY)

14:30 - GBP - BoE Gov Bailey Speaks

18:00 - CAD - BoC Interest Rate Decision

18:30 - USD - Crude Oil Inventories

 

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
1.2127
1.4073
109.04
15.09
R2
1.2104
1.1041
108.79
14.78
R1
1.2070
1.3991
108.46
14.60
PP
1.2046
1.3958
108.22
14.22
S1
1.2012
1.3908
107.88
13.80
S2
1.1989
1.3876
107.64
13.2
S3
1.1955
1.3825
107.31
13.03
Weekly Technical Analysis on GBP by Aassan Deedarun 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.