Market Patrol 5 April 2021

We own what belongs to us whether we claim it or not.

Sarah M.Broom

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

USD/MUR clawed back gains amid BOM intervention.

Fundamental News

EUR/USD
Euro inched lower to $1.1754 in thin Easter Monday trade amid ongoing concerns in Europe, slower vaccination rate and the French government lowering its 2021 GDP growth forecast weighing on the shared currency.

GBP/USD
GBP eased to $1.3830 despite British government eyes Covid passports with a plan to back mass gatherings and concerts after completed jabbing 10% population.

USD/JPY
Yen steadied at 110.60 after Japanese Prime Minister Suga said on Sunday that he would expand emergency measures to contain a new wave of coronavirus infections amid fear of overspreading virus mutations.

AUD/USD
AUD hovered at $0.7614 ahead of the RBA's meeting on Tuesday.

USD/ZAR
Rand edged lower to 14.63 per greenback as Fitch Ratings has downgraded South Africa's Long-Term Foreign-Currency Issuer Default Rating to 'BB' from 'BB+'.

USD/MUR
The pair retreated to 40.85(selling) in the wake of Bank of Mauritius' intervention on Friday.

Fundamental & Technical Data

Economic Indicators-Local Time

18:00 - USD - ISM Non-Manufacturing PMI (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

1.1821

1.3891

111.21

15.56

1.1803

1.3872

110.98

15.11

1.1783

1.3852

110.79

14.97

1.1766

1.3832

110.60

14.84

1.1746

1.3812

110.45

14.64

1.1729

1.3793

110.23

14.52

1.1709

1.3772

110.08

14.39

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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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