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Treasury

Daily Market Patrol

Market Patrol 02 February 2021

The Market can stay irrational longer than you can stay solvent

John Maynard Keynes
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
The Shared currency extended losses to $1.2076 on weak German data
Fundamental News

EUR/USD
The Shared currency extended losses to $1.2076 after data showed German retail sales plunged by more than forecast in December, with the continent still struggling with vaccine rollouts.

 

GBP/USD
The Pound sterling drifted lower to $1.3685 with just days to go until the Bank of England delivers its monetary policy decision and its eagerly anticipated report on the feasibility of negative rates.

 

USD/JPY
The Japanese yen slipped to 104.95 against the U.S dollar on broad-based USD strength fueled by economic activity in the US manufacturing sector continued to expand at a strong pace in January.

 

AUD/USD
The Aussie dollar trickled to $0.7628 despite the Reserve Bank of Australia sounded cautiously upbeat on the outlook as it left the cash rate on hold Tuesday, and signaled it does not expect to hike rates before 2024.

 

USD/ZAR
South Africa's rand traded firmed at 15.01 per U.S dollar as yield-seeking investors made tentative bets on the volatile currency amid risk aversion elsewhere in emerging markets.

 

USD/MUR
The dollar-rupee stayed put at 40.05 (selling).

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - Italian GDP (QoQ) (Q4)

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
-
European Central Bank
0.00%
10-Mar-2016
-
Bank of England
0.10%
19-May-2020
04-Feb-2021
Bank of Japan
-0.10%
28-Jan-2016
-
Reserve Bank of Australia
0.10%
03-Nov-2020
02-Feb-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-2020
-
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
1.2194
1.3831
105.55
15.66
R2
1.2165
1.3794
105.30
15.46
R1
1.2113
1.3729
105.12
15.25
PP
1.2084
1.3692
104.87
15.13
S1
1.2032
1.3627
104.69
15.07
S2
1.2003
1.3590
104.44
14.93
S3
1.1951
1.3525
104.26
14.61
Weekly Technical Analysis on GBP by Aassan Deedarun 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.