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Treasury

Daily Market Patrol

Market Patrol 27 April 2021

The market does not know you exist. You can do nothing to influence it. You can only control your behavior.

Alexander Elder
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
The Cable turned flat as market focus remained glued to the U.S. FOMC policy decision on Wednesday
Fundamental News

EUR/USD
The Shared currency pulled back from a two-month top to $1.2070 as Germany's IFO on Monday failed to impress, and President Biden's plans to raise capital gain tax is causing higher demand for safe-haven dollar.

 

GBP/USD
The Cable turned flat at $1.3885 as the market focus remained glued to the U.S. FOMC policy decision on Wednesday.

 

USD/JPY
The Japanese yen dwindled to 108.25 against the greenback after the Bank of Japan kept its benchmark rates and bond yield targets unchanged but warned about big economic uncertainty in the quarterly report.

 

AUD/USD
The Australian dollar shot to its highest level since April 20 at $0.7803, sponsored by the prevalent bearish sentiment surrounding the U.S dollar amid diminishing odds for an earlier than anticipated Fed lift-off.

 

USD/CAD
The Loonie strengthened to its highest level in nearly six weeks to 1.2388 per U.S dollar, stirred up by a more hawkish Bank of Canada last week and frothy commodity prices.

 

USD/ZAR
Rand on a firm footing at 14.26 against the U.S dollar as global economic recovery continued to shield the South African rand from domestic woes and the slow pace of vaccine rollouts.

 

USD/MUR
The dollar-rupee anchored at 40.80(selling), awaiting subsequent Bom intervention on the domestic market for further direction.

Fundamental & Technical Data
Economic Indicators-Local Time

18:00 - USD - CB Consumer Confidence (Apr)

 

 

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
1.2175
1.3998
108.87
15.09
R2
1.2146
1.3964
108.54
14.78
R1
1.2119
1.3934
108.31
14.60
PP
1.2090
1.3900
107.98
14.22
S1
1.2063
1.3870
107.75
13.80
S2
1.2034
1.3836
107.42
13.2
S3
1.2007
1.3806
107.19
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.