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Treasury

Daily Market Patrol

Market Patrol 03 February 2021

When it's raining gold, reach for a bucket, not a thimble

Warren Buffett
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 South African rand rallied to 14.93 per U.S dollar on vaccine progress
Fundamental News

EUR/USD
The Shared currency dropped to $1.2044 as the disparity between the United States' strength and Europe’s pandemic recoveries widened.

 

GBP/USD
The Cable ticked down to $1.3664 amid broad US dollar strength and cautious market sentiment ahead of key British Services PMI.

 

USD/JPY
The Japanese yen meandered at 104.98 per U.S dollar despite comments from BoJ's Deputy Governor Masazumi Wakatabe that the central bank won't hesitate to add easing if necessary.

 

AUD/USD
The Aussie dollar inched lower to $0.7614 on disappointing data released in China earlier in the day. January’s Caixin services Purchasing Managers Index was 52, against December’s 56.3.

 

USD/ZAR
The Rand rallied to 14.93 against the greenback supported by progress in South Africa's coronavirus vaccine purchases and easing lockdown restrictions, while stocks slipped slightly.

 

USD/MUR
The dollar-rupee jumped by 10 cents to 40.15 (selling) on the local market, influenced by price elasticity forces.

Fundamental & Technical Data
Economic Indicators-Local Time

12:00 - EUR - ECB Monetary Policy Statement

13:30 - GBP - Services PMI (Jan)

13:30 - GBP - Composite PMI (Jan)

14:00 - EUR - CPI (YoY) (Jan)

17:15 - USD - ADP Nonfarm Employment Change (Jan)

19:00 - USD - ISM Non-Manufacturing PMI (Jan)

19:30 - USD - Crude Oil Inventories

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
17-Mar-2021
European Central Bank
0.00%
10-Mar-2016
03-Mar-2021
Bank of England
0.10%
19-May-2020
04-Feb-2021
Bank of Japan
-0.10%
28-Jan-2016
18-Mar-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
02-Mar-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
1.2159
1.3813
105.50
15.66
R2
1.2124
1.3762
105.34
15.46
R1
1.2083
1.3714
105.16
15.25
PP
1.2048
1.3663
105.00
15.13
S1
1.2007
1.3615
104.82
15.07
S2
1.1972
1.3564
104.66
14.93
S3
1.1931
1.3516
104.48
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.