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Treasury

Daily Market Patrol

Market Patrol 4 May 2021

Accomplishment will prove to be a journey, not a destination.

Dwight Eisenhower
Indicative Selling Rates
against MUR
USD
07 May 2021
  • AUD
  • 32.04
  • 0.7844
  • BWP
  • 3.82
  • 0.0934
  • CAD
  • 33.88
  • 1.2059
  • CNY
  • 6.41
  • 6.3684
  • DKK
  • 6.73
  • 6.0693
  • EUR
  • 49.46
  • 1.2108
  • HKD
  • 5.35
  • 7.6360
  • INR
  • 0.56
  • 72.4353
  • JPY
  • 37.75
  • 108.2230
  • KES
  • 38.78
  • 105.3245
  • NZD
  • 29.79
  • 0.7293
  • NOK
  • 5.01
  • 8.1538
  • SGD
  • 31.01
  • 1.3172
  • ZAR
  • 2.93
  • 13.9286
  • SEK
  • 4.91
  • 8.3189
  • CHF
  • 45.35
  • 1.1102
  • GBP
  • 57.01
  • 1.3955
  • USD
  • 40.85
  • 1.0000
  • AED
  • 11.25
  • 3.6304
U.S dollar collapsed against major currencies on disappointing U.S ISM manufacturing data.
Fundamental News

EUR/USD
The single currency spiked to $1.2075 after a survey showed eurozone factory activity growth surged to a record high in April, before retreating to $1.2040 despite upbeat comments from Luis de Guindos, ECB's Vice President on phasing out emergency stimulus measures.


GBP/USD
Sterling bashed to $1.3877 as France rejects UK's provisional changes to fishing licenses in the G7 Foreign Ministers geopolitics discussion.

 

USD/JPY
Yen punched back to 109.25 on Tuesday from its high of 109.69 against the greenback after disappointing U.S ISM manufacturing data, coupled with U.S Fed Chair Powell remarks on U.S economy unstable condition.

 

AUD/USD
The Aussie crimpled higher to $0.7744 after the Reserve Bank of Australia kept its official cash rate on hold at a record low 0.10% in May.

 

USD/ZAR

The South African rand took a breath to 14.42 per dollar despite South Africa's seasonally adjusted Absa Purchasing Managers' Index expanded at a slower pace in April as growth in business activity and new sales orders slowed.

 

USD/MUR
The local pair perched at 40.80(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

8:30 - AUD - RBA Interest Rate Decision, RBA Rate Statement

 

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
12-May-2021
Bank of England
0.10%
19-May-2020
06-May-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Jun-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
04-May-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
R3
1.2153
1.4091
110.35
15.09
R2
1.2114
1.4012
110.02
14.78
R1
1.2090
1.3961
109.54
14.60
PP
1.2051
1.3881
109.22
14.22
S1
1.2027
1.3830
108.74
13.80
S2
1.1988
1.3750
108.42
13.2
S3
1.1964
1.3699
107.94
13.03
Weekly Market update by Allan Juste 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.