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Treasury

Daily Market Patrol

Market Patrol 23 April 2021

Silence is sometimes the best answer.

Dalai Lama
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 perked higher against a basket of currencies on fears of U.S. capital gains tax hike.
Fundamental News

EUR/USD
The euro initially toyed with a gain to $1.2070 before turning its tail to $1.2020 after ECB President Christine Lagarde squashed expectations that policymakers will start to consider a tapering of bond purchase due to an improving economic outlook.

 

GBP/USD
Sterling fell to $1.3850, undermined by an intrepid U.S. dollar after a report from the U.S. government that weekly jobless claims declined further, boosting expectations for blockbuster U.S. job growth in April.

 

USD/JPY
The Yen tiptoed higher to 107.89 versus the greenback, unfazed by comments from BoJ's Kuroda that Japan's economy is expanding gradually due to aggressive monetary easing, benefiting banks.

 

AUD/USD
Aussie went as low as $0.7693 before recovering to $0.7732 in sympathy after Biden announced plans to double capital gains tax for people on incomes of more than $1 million.

 

USD/ZAR
South Africa's rand weakened marginally to 14.28 per dollar, weighed by the impact on economic recovery of delayed vaccine rollouts.

 

USD/MUR
The local currency oscillated at 40.80(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

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

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

12:30 - GBP - Composite, Manufacturing, Services PMI

18:00 - USD - New Home Sales (Mar)

18:30 - EUR - ECB President Lagarde Speaks

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
1.2134
1.4043
108.61
15.09
R2
1.2102
1.3996
108.42
14.78
R1
1.2058
1.3918
108.20
14.60
PP
1.2026
1.3871
108.00
14.22
S1
1.1983
1.3792
107.78
13.80
S2
1.1950
1.3745
107.59
13.2
S3
1.1907
1.3667
107.36
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.