Market Patrol 6 April 2021

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Warren Buffet

Indicative Selling Rates
against MUR
USD

26 Apr 2024

AUD
30.81
0.6583

BWP
3.44
0.0736

CAD
34.56
1.3545

CNY
6.55
7.1468

DKK
6.83
6.8533

EUR
50.43
1.0774

HKD
6.07
7.7145

INR
0.57
82.0087

JPY
30.36
154.1916

KES
35.30
132.5951

NZD
28.14
0.6011

NOK
4.36
10.7396

SGD
34.76
1.3465

ZAR
2.54
18.4356

SEK
4.36
10.7346

CHF
51.60
1.1024

GBP
58.79
1.2560

USD
46.81
1.0000

AED
12.95
3.6161

U.S dollar collapsed against major currencies, moving in tandem with retreating U.S Treasury yields.

Fundamental News

EUR/USD
The single currency extended gains to $1.1807 as buoyant risk appetite weighed on the safe-haven U.S dollar ahead of the Eurozone data.

GBP/USD
The pound rallied to $1.3910 amid optimism rising on to stage two of the government’s “roadmap” to reopening the economy on April 12th, eyeing the UK PM Johnson press conference at 16:00 GMT to unveil a new traffic light system for foreign travel and a Covid passport.

USD/JPY
Yen pierced to 110.20 against the greenback after Japan’s inflation-adjusted real wages rose 0.2% YoY for the first time in a year in February.

AUD/USD
AUD held at $0.7650 in the wake Reserve Bank of Australia's decision to keep the official cash rate unadjusted at a record low of 0.10%.

USD/ZAR
Rand jumped to 14.57 as record-high U.S ISM service PMI bolstered the global outlook.

USD/MUR
The local pair paused for breath at 40.85(selling) on Tuesday.

Fundamental & Technical Data

Economic Indicators-Local Time

16:00 - USD - EIA Short-term Energy Outlook

18:00 - USD - JOLTs Job Opening

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

1.1925

1.4039

111.42

15.56

1.1872

1.3976

111.09

15.11

1.1843

1.3939

110.63

14.97

1.1790

1.3876

110.30

14.84

1.1761

1.3838

109.84

14.64

1.1708

1.3776

109.51

14.52

1.1679

1.3738

109.05

14.39

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Allan Juste

Head - Forex And Derivatives

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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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