Market Patrol 28 May 2021

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough

Yvan Byeajee

Indicative Selling Rates
against MUR
USD

18 Sep 2024

AUD
31.77
0.6861

BWP
3.56
0.0769

CAD
34.36
1.3475

CNY
6.72
6.8848

DKK
7.00
6.6105

EUR
51.77
1.1181

HKD
6.03
7.6774

INR
0.56
82.4258

JPY
33.34
138.8749

KES
36.53
126.7412

NZD
28.97
0.6257

NOK
4.46
10.3825

SGD
36.33
1.2745

ZAR
2.73
16.9900

SEK
4.61
10.0425

CHF
55.11
1.1902

GBP
61.24
1.3228

USD
46.30
1.0000

AED
12.91
3.5873

The British pound rallied on rising expectations of an earlier than expected rate hike by the Bank of England.

Fundamental News

EUR/USD
The Shared currency dropped to $1.2177 on upbeat US data and chatters over US President Joe Biden’s $6.0 trillion budget proposal trimmed the USD losses during the late Thursday.

GBP/USD
The British pound held firm at $1.4184 near a three-month high against the dollar on Friday on rising expectations of an earlier than expected rate hike by the Bank of England.

USD/JPY
The yen hammered to 109.88 against the U.S dollar on investors' concerns about a delay in Japan's economic recovery as Japan seeks to extend a state of emergency covering Tokyo and other key areas by three weeks to June 20.

AUD/USD
The Aussie dollar extended losses to $0.7720 as China’s crackdown on commodities prices weighed iron ore prices.

USD/CAD
The Canadian dollar rebounded to 1.2091 against the U.S dollar after a rise in oil prices as investors await inflation data from the United States tomorrow.

USD/ZAR
South Africa's rand snapped a six-session winning streak to 13.80 against the greenback as rising U.S. bond yields put the brakes on an emerging market rally that carried the currency to a 27-month peak near 13.68/DLR.

USD/MUR
The dollar-rupee rose by 3 cents at 40.88(Selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

22:00 - USD - US federal budget

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

1.2324

1.4224

109.76

15.09

1.2294

1.4200

109.47

14.78

1.2243

1.4160

109.30

14.60

1.2213

1.4136

109.01

14.22

1.2162

1.4096

108.84

13.80

1.2132

1.4072

108.55

13.2

1.2081

1.4032

108.38

13.03

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Head - Forex And Derivatives

+230 5251 4855

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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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