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Treasury

Daily Market Patrol

Market Patrol 8 April 2021

Tact is the knack of making a point without making an enemy.

Issac Newton
Indicative Selling Rates
against MUR
USD
20 Apr 2021
  • AUD
  • 32.09
  • 0.7866
  • BWP
  • 3.84
  • 0.0941
  • CAD
  • 32.94
  • 1.2386
  • CNY
  • 6.37
  • 6.4028
  • DKK
  • 6.72
  • 6.0706
  • EUR
  • 49.40
  • 1.2108
  • HKD
  • 5.34
  • 7.6361
  • INR
  • 0.56
  • 73.3555
  • JPY
  • 38.04
  • 107.2475
  • KES
  • 38.31
  • 106.4919
  • NZD
  • 29.70
  • 0.7280
  • NOK
  • 5.04
  • 8.1026
  • SGD
  • 31.11
  • 1.3116
  • ZAR
  • 2.93
  • 13.9216
  • SEK
  • 4.93
  • 8.2773
  • CHF
  • 44.97
  • 1.1022
  • GBP
  • 57.32
  • 1.4048
  • USD
  • 40.80
  • 1.0000
  • AED
  • 11.24
  • 3.6303
The U.S dollar reversed some losses after minutes from the Federal Reserve's March meeting.
Fundamental News

EUR/USD
Euro bounced to a high of $1.1914 on Wednesday before easing slightly to $1.1874 this morning, underpinned by another upbeat eurozone PMI and hopes the E.U.'s considerable lag versus the U.S. in vaccinations will begin to narrow by the second half of the year.

 

GBP/USD
The Pound remained on the backfoot at $1.3757, undermined by the slowing pace of the COVID vaccinations in the U.K. that could ultimately delay the government's plans to reopen the economy.

 

USD/JPY
Yen on hold at 109.70 per dollar ahead of Fed Chair Jerome Powell's scheduled speech later during the U.S. session.

 

AUD/USD
AUD dipped to $0.7624 on risk-off mood in the wake of fading hopes of a sooner Fed rate hike and a renewed uptick in the Treasury yields.

 

USD/ZAR
The Rand ticked lower to 14.54 versus the greenback amid concerns about a resurgence of coronavirus infections and lower commodity prices.

 

USD/MUR
The local pair remains flat at 40.85(selling) amid a softer tone surrounding the U.S dollar abroad.

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Construction PMI (Mar)

15:30 - EUR - ECB Monetary Policy Statement

16:30 - USD - Initial Jobless Claims

20:00 - USD - Fed Chair Powell Speaks

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
R3
1.1955
1.3926
110.36
15.09
R2
1.1935
1.3883
110.15
14.78
R1
1.1901
1.3811
110.00
14.60
PP
1.1881
1.3768
109.79
14.54
S1
1.1847
1.3696
109.64
14.47
S2
1.1827
1.3653
109.43
14.39
S3
1.1793
1.3580
109.27
14.24
Weekly Technical 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.