Market Patrol 12 April 2021

Don't let the fear of losing be greater than the excitement of winning.

Robert Kiyosaki

Indicative Selling Rates
against MUR
USD

27 Dec 2024

AUD
29.97
0.6313

BWP
3.49
0.0736

CAD
33.23
1.4287

CNY
6.71
7.0796

DKK
6.73
7.0583

EUR
49.67
1.0464

HKD
6.20
7.6510

INR
0.57
83.9928

JPY
30.91
153.5604

KES
37.30
127.2707

NZD
26.92
0.5671

NOK
4.25
11.1625

SGD
35.47
1.3382

ZAR
2.61
18.1855

SEK
4.35
10.9077

CHF
53.12
1.1190

GBP
59.77
1.2590

USD
47.47
1.0000

AED
13.23
3.5890

The U.S dollar up on Powell's positive comments, inflation data eyed this week.

Fundamental News

EUR/USD
The Shared currency muted at $1.1890 after data showing a second straight monthly drop in Germany's industrial production and worries about the stalled EU rescue fund that countries like Italy need.

GBP/USD
The Cable neared the precipice at $1.3688, hurt by profit-taking after a solid first quarter and concerns about the costs of Brexit in trade and stability in Northern Ireland.

USD/JPY
The Japanese yen edged lower to 109.54 versus the greenback, undermined by buoyant U.S yields and positive comments from Powell on Sunday.

USD/CAD
The Loonie boosted to 1.2560 per U.S dollar following upbeat labour market data from Canada on Friday.

AUD/USD
Aussie dollar relinquished most of its gains to $0.7605, as concerns about the AstraZeneca shot and European export restrictions delayed the rollout for all Australians to receive their first COVID-19 vaccine dose.

USD/ZAR
The South African rand weakened to 14.60 against the U.S dollar following poor south African’s manufacturing production on Friday.

USD/MUR
The dollar rupee held steady at 40.85(selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

21:00 - USD - FOMC Member Rosengren 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

1.1978

1.3827

110.75

15.09

1.1949

1.3789

110.35

14.78

1.1925

1.3746

110.01

14.60

1.1896

1.3708

109.61

14.54

1.1872

1.3665

109.27

14.47

1.1843

1.3627

108.87

14.39

1.1819

1.3584

108.53

14.24

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Reshma Peerun Rajwani

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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