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Treasury

Daily Market Patrol

Market Patrol 29 April 2021

Trust yourself that you can do it and get it

Baz Luhrmann
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
The Canadian dollar gained as investors cheered domestic retail sales data and Fed's dovish stance
Fundamental News

EUR/USD
The Shared currency surged to $1.2136 as the U.S. Federal Reserve kept its benchmark interest rates unchanged at the record-low level of near zero, as economic recovery gathers momentum on COVID-19 vaccination progress and strong fiscal support.

 

GBP/USD
The Cable rocketed to $1.3959 after the EU Parliament voted by a large majority to give the final approval to the Brexit deal amid chaos, complaints and a court challenge, lifted the sentiment around sterling.

 

USD/JPY
The Japanese yen rose 108.79 against the U.S dollar on the US dollar weakened across the board.

 

USD/CAD
The Canadian dollar gained to 1.2308 against the greenback as investors cheered domestic retail sales data and the Federal Reserve stuck to its dovish stance, trailing the Bank of Canada on moves to reduce emergency support for the economy.

 

AUD/USD
The Aussie dollar lost ground to $0.7792 as Australian inflation rate failed to pick up as far as forecasted.

 

USD/ZAR
The South African rand firmed at 14.22 per U.S dollar accordance with the US federal reserve setting the tone to the global currency trading.

 

USD/MUR
The dollar-rupee stayed put at 40.80(Selling).

Fundamental & Technical Data
Economic Indicators-Local Time

11:55 - EUR - German Unemployment Change (Apr)

16:30 - USD - GDP (QoQ) (Q1)

16:30 - USD - Initial jobless claim

18:00 - USD - Pending home sales (MoM) (Mar)

 

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
1.2233
1.4064
109.45
15.09
R2
1.2184
1.4007
109.27
14.78
R1
1.2154
1.3975
108.94
14.60
PP
1.2105
1.3918
108.76
14.22
S1
1.2075
1.3886
108.43
13.80
S2
1.2026
1.3829
108.25
13.2
S3
1.1996
1.3797
107.92
13.03
Weekly Technical Analysis on GBP by Aassan Deedarun 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.