Market Patrol 3 May 2021

It's hard to beat a person who never gives up

Babe Ruth

Indicative Selling Rates
against MUR
USD

23 Apr 2024

AUD
30.68
0.6522

BWP
3.45
0.0733

CAD
34.62
1.3589

CNY
6.58
7.1457

DKK
6.82
6.8986

EUR
50.38
1.0709

HKD
6.09
7.7204

INR
0.57
82.0223

JPY
30.75
152.9787

KES
35.74
131.6321

NZD
28.10
0.5974

NOK
4.37
10.7565

SGD
34.91
1.3474

ZAR
2.53
18.5665

SEK
4.39
10.7267

CHF
51.90
1.1034

GBP
58.40
1.2415

USD
47.04
1.0000

AED
13.01
3.6157

The U.S dollar gained across the board on robust U.S. data and month-end profit-taking.

Fundamental News

EUR/USD
The Shared currency slipped to $1.2019 on upbeat U.S. personal income data on Friday and broad-based U.S. dollar short covering into month-end.

GBP/USD
The Cable nosedived to $1.3812, badly dented by U.K. PM Jonson's political scandals and uncertainty around Scotland's elections later this week.

USD/JPY
The yen depreciated to 109.62 against the greenback as demand for safe-haven asset dropped on a closed Japanese market and a rally to record highs on global stock markets.

AUD/USD
The Aussie dollar limped to $0.7715 despite April’s Australian Industry Group manufacturing index came out better than March's reading.

USD/CAD
The Canadian dollar held on to gains at 1.2290 per U.S dollar after the Bank of Canada's signalled that it may begin hiking interest rates before the Federal Reserve.

USD/ZAR
South African Rand weakened to 14.49 versus the greenback as local and global economic distress weighed heavily on its economy.

USD/MUR
The dollar-rupee rose by 5 cents to 40.80(selling), underpinned by U.S dollar strength.

Fundamental & Technical Data

Economic Indicators-Local Time

12:00 - EUR - German GDP (QoQ)(Q1)

13:00 - EUR - CPI (YoY)(Apr)

16:30 - CAD - GDP (MoM)(Feb)

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

1.2203

1.4069

110.17

15.09

1.2165

1.4014

109.76

14.78

1.2093

1.3914

109.54

14.60

1.2055

1.3859

109.13

14.22

1.1983

1.3759

108.91

13.80

1.1945

1.3704

108.50

13.2

1.1873

1.3604

108.28

13.03

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

+230 403 5500

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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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