Market Patrol 9 April 2021

Be less curious about people and more curious about ideas.

Marie Curie

Indicative Selling Rates
against MUR
USD

26 Dec 2024

AUD
30.13
0.6344

BWP
3.49
0.0735

CAD
33.37
1.4235

CNY
6.71
7.0813

DKK
6.72
7.0673

EUR
49.65
1.0453

HKD
6.21
7.6549

INR
0.57
83.8823

JPY
30.98
153.3162

KES
37.32
127.2718

NZD
27.11
0.5707

NOK
4.28
11.1070

SGD
35.54
1.3364

ZAR
2.63
18.0690

SEK
4.34
10.9331

CHF
53.12
1.1182

GBP
59.89
1.2609

USD
47.50
1.0000

AED
13.23
3.5896

U.S dollar pressured down by disappointing U.S jobless claims data.

Fundamental News

EUR/USD
The euro burst back above $1.1900 as the minutes from the latest ECB meeting were less dovish than expected, coupled with a disappointing report on U.S jobless claims dragged U.S. Treasury yields lower.

GBP/USD
The pound held down to $1.3735 amid growing concerns about Britain's reliance on AstraZeneca's vaccine. Safety concerns and supply problems have plagued the vaccine.

USD/JPY
Yen lifted to 109.30 per dollar after Fed Chair Jerome Powell reiterated the dovish outlook on the monetary policy at an IMF panel while downplaying the inflation risks.

AUD/USD
Aussie wobbled at $0.7640 on mixed Chinese inflation figures, and RBA warned of excessive lending risks amid a surge in house prices in its latest Financial Stability Review.

USD/ZAR
Rand eased to 14.54 versus the greenback on sluggish domestic manufacturing production data.

USD/MUR
Dollar-rupee traded with a firm bias at 40.85(selling) on continued demand for FCY on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - USD - PPI (MoM)(Mar)

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

1.2007

1.3834

110.69

15.09

1.1967

1.3808

110.30

14.78

1.1940

1.3770

109.79

14.60

1.1900

1.3745

109.39

14.54

1.1873

1.3707

108.88

14.47

1.1834

1.3681

108.49

14.39

1.1807

1.3643

107.98

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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