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Daily Market Patrol

Market Patrol 21 May 2021

As human beings, we all want to do a good job, be acknowledged and crave that appreciation.

Jayshree Ullal
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
U.S dollar rendered Wednesday's gain as concerns at taper talk in Fed minutes ebbed.
Fundamental News

EUR/USD
The common currency rallied to $1.2231 after ECB's chief economist, Philip Lane, pushed back against talk of a new era of higher inflation in the eurozone.

 

GBP/USD
Sterling spiked from $1.4100 to $1.4183 following Confederation of British Industry's industrial orders balance reported the fastest growth in manufacturing orders since December 2017.

 

USD/JPY
Yen popped to 108.72 against the greenback on strong Japanese exports, combined with U.S. dollar rendering Wednesday's gains amid doubts the Fed will unwind pandemic easing policy sooner.

 

AUD/USD
The Aussie stays unimpressed at $0.7753 by upbeat Australia Retail Sales this morning.

 

USD/ZAR
South African rand soared to 13.98 as South African Reserve Bank left its repo rate unchanged at 3.5% in a unanimous decision on Thursday, saying the current lending rate supported economic recovery.

 

USD/MUR
The dollar-rupee inched by 5 cents to 40.80(selling), pressured by demand for FX from importers on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - Retail Sales (MoM)(Apr)

11:30 - EUR - German Manufacturing PMI (May)

12:30 - GBP - Composite PMI (May)

12:30 - GBP - Manufacturing PMI (May)

12:30 - GBP - Services PMI (May)

15:00 - EUR - ECB President Lagarde Speaks 

18:00 - USD - Existing Home Sales (Apr)

 

 

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
24-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
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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
1.2308
1.4313
109.69
15.09
R2
1.2269
1.4253
109.50
14.78
R1
1.2248
1.4222
109.13
14.60
PP
1.2209
1.4162
108.94
14.22
S1
1.2188
1.4131
108.57
13.80
S2
1.2149
1.4070
108.38
13.2
S3
1.2128
1.4039
108.01
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.