Market Patrol 21 April 2021

Be less curious about people and more curious about ideas.

Marie Curie

Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

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The pound turned tail from a peak of $1.4000 to $1.3920 as Brexit jitters, and Covid woes superseded the upbeat U.K. jobs data and re-opening optimism.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

1.2127

1.4073

109.04

15.09

1.2104

1.1041

108.79

14.78

1.2070

1.3991

108.46

14.60

1.2046

1.3958

108.22

14.22

1.2012

1.3908

107.88

13.80

1.1989

1.3876

107.64

13.2

1.1955

1.3825

107.31

13.03

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

+230 403 5500

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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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