Market Patrol 7 May 2021

I have no special talent. I am only passionately curious.

Albert Einstein

Indicative Selling Rates
against MUR
USD

17 Sep 2024

AUD
31.68
0.6843

BWP
3.55
0.0767

CAD
34.34
1.3483

CNY
6.73
6.8821

DKK
7.00
6.6124

EUR
51.76
1.1178

HKD
6.03
7.6747

INR
0.56
82.4835

JPY
33.53
138.0841

KES
36.53
126.7412

NZD
28.91
0.6245

NOK
4.46
10.3728

SGD
36.31
1.2750

ZAR
2.72
17.0251

SEK
4.61
10.0469

CHF
55.17
1.1916

GBP
61.44
1.3270

USD
46.30
1.0000

AED
12.91
3.5873

EUR/USD rocketed to $1.2063 after US and EU jointly waived COVID-19 vaccine patent protections.

Fundamental News

EUR/USD
The single currency rocketed to $1.2063 after the U.S. and E.U. jointly waived COVID-19 vaccine patent protections, speeding up jabbing.

GBP/USD
The cable oscillated at $1.3909 after considerable whipsaw following the Bank of England's decision to adjust its asset purchases, though not enough to signal imminent policy normalization.

USD/JPY
The Japanese yen clung to modest gains at 109.10 per dollar as traders looked forward to Friday's April U.S. jobs report for market direction.

AUD/USD
The Aussie shot up at $0.7775 despite RBA Monetary Policy Statement repeats “no rate hike until 2024” while expecting upbeat GDP and easing unemployment rate in the future, coupled with China Caixin Services PMI marks positive surprise.

USD/ZAR
Rand rallied to 14.21 against the dollar as the governing African National Congress stood by a decision to suspend its Secretary-General Magashule charged with corruption.

USD/MUR
The dollar-rupee stayed put at 40.85(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

14:00 - EUR - ECB President Lagarde Speaks

16:30 - USD - Nonfarm Payrolls (Apr)

16:30 - USD - Unemployment Rate (Apr)

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

1.2172

1.4019

109.77

15.09

1.2122

1.3980

109.60

14.78

1.2094

1.3935

109.34

14.60

1.2043

1.3896

109.17

14.22

1.2015

1.3852

108.92

13.80

1.1965

1.3813

108.75

13.2

1.1937

1.3768

108.50

13.03

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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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