Market Patrol 15 April 2021

The road to success and the road to failure are almost exactly the same.

Colin R.Davis

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 Shared currency surged to $1.1974, market eyes for German inflation figures.

Fundamental News

EUR/USD
The Shared currency surged to $1.1974 investors buying the Federal Reserve's arguments that interest rates can stay low, ahead of today's German inflation figures.

GBP/USD
The Pound sterling recovered to $1.3770 on optimism of its GDP and future growth as restrictions are being eased due to the picking up of economic activities.

USD/JPY
Yen unimpressed at 108.90 per U.S dollar after Bank of Japan Governor Haruhiko Kuroda expressed his concern on the prospect of a faster economic recovery any time soon.

AUD/USD
Aussie climbed to $0.7720 on upbeat job data suggested the Australian economy had grown strongly last quarter.

USD/CAD
The Loonie gained to 1.2525 versus the greenback ahead of next week’s Canadian fiscal budget announcement on 19 April and the BoC’s interest rate decision on 21 April.

USD/ZAR
The Rand spiked to 14.40 against the U.S dollar, gaining fillip on improved risk sentiment.

USD/MUR
The dollar-rupee steadied at 40.80(selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - USD - Core Retail Sales

16:30 - Initial Jobless Claim

16:30 - USD - Retail Sales

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

1.2035

1.3866

109.45

15.09

1.2011

1.3838

109.28

14.78

1.1996

1.3807

109.10

14.60

1.1972

1.3779

108.93

14.54

1.1957

1.3748

108.75

14.47

1.1933

1.3720

108.58

14.39

1.1918

1.3689

108.40

14.24

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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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