Market Patrol 26 May 2021

In investing, what is comfortable is rarely profitable

Robert Arnott

Indicative Selling Rates
against MUR
USD

26 Apr 2024

AUD
30.81
0.6583

BWP
3.44
0.0736

CAD
34.56
1.3545

CNY
6.55
7.1468

DKK
6.83
6.8533

EUR
50.43
1.0774

HKD
6.07
7.7145

INR
0.57
82.0087

JPY
30.36
154.1916

KES
35.30
132.5951

NZD
28.14
0.6011

NOK
4.36
10.7396

SGD
34.76
1.3465

ZAR
2.54
18.4356

SEK
4.36
10.7346

CHF
51.60
1.1024

GBP
58.79
1.2560

USD
46.81
1.0000

AED
12.95
3.6161

The USD/MUR firmed at 40.85(Selling) in the wake of Central bank's intervention yesterday.

Fundamental News

EUR/USD
The Shared currency extended gains to $1.2245 as U.S. Federal Reserve officials reiterated that any inflation would be transitory and the Fed will maintain its current dovish monetary policy.

GBP/USD
The Cable retreated to $1.4152, undermined by a lack of positive drivers for the British currency.

USD/JPY
The Japanese yen ticked down to 108.82 against the greenback after Bank of Japan's board member Hitoshi Suzuki said earlier in the day that the central bank should prevent its holdings of exchange-traded funds from increasing as much as possible during calm periods in the market.

AUD/USD
The Aussie dollar extended gains to $0.7782 on the back of upbeat Australian Construction Output released earlier today.

USD/CAD
The Loonie dropped to 1.2052 against the U.S dollar, pressured by a drop in domestic manufacturing sales in April.

USD/ZAR
South Africa's rand hit its firmest in 22 months on Tuesday at 13.84 as the U.S. dollar drifted lower after Federal Reserve officials calmed investor concerns about inflation.

USD/MUR
The local pair idled at 40.85(Selling) this morning post central bank's intervention yesterday.

Fundamental & Technical Data

Economic Indicators-Local Time

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

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

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

1.2327

1.4295

109.55

15.09

1.2296

1.4253

109.31

14.78

1.2273

1.4200

109.04

14.60

1.2242

1.4158

108.80

14.22

1.2219

1.4105

108.53

13.80

1.2188

1.4063

108.29

13.2

1.2165

1.4010

108.02

13.03

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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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