Market Patrol 04 February 2021

Invest in yourself as much as you can; you are your own biggest asset by far

Warren Buffett

Indicative Selling Rates
against MUR
USD

26 Apr 2024

AUD
30.81
0.6583

BWP
3.44
0.0736

CAD
34.56
1.3545

CNY
6.55
7.1468

DKK
6.83
6.8533

EUR
50.43
1.0774

HKD
6.07
7.7145

INR
0.57
82.0087

JPY
30.36
154.1916

KES
35.30
132.5951

NZD
28.14
0.6011

NOK
4.36
10.7396

SGD
34.76
1.3465

ZAR
2.54
18.4356

SEK
4.36
10.7346

CHF
51.60
1.1024

GBP
58.79
1.2560

USD
46.81
1.0000

AED
12.95
3.6161

The Pound turned south to $1.3600 ahead of BoE Interest rate decision.

Fundamental News

EUR/USD
The Shared currency extended losses to $1.2016 as pessimism about the U.S. economic outlook receded before the publication of important data on the U.S. jobs market tomorrow.

GBP/USD
The Cable plummeted to $1.3603 unimpressed by an upward revision to the UK Markit Services PMI, which was confirmed at 39.5 in January ahead of BoE Interest rate decision today.

USD/JPY
The Japanese yen slipped to 105.16 per U.S dollar on U.S. reports that hiring by private employers rebounded more than expected in January.

AUD/USD
The Aussie dollar ticked to $0.7625 on positive global risk sentiment, while higher bond yields at home gave the currency an edge over its U.S. counterpart.

USD/ZAR
South Africa's rand firmed at 14.97 against the greenback as global appetite for risk, and high yields rose on optimism around vaccine rollouts.

USD/MUR
The dollar-rupee idled at 40.15(selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

13:30 - GBP - Construction PMI (Jan)

16:00 - GBP - BoE Interest Rate Decision (Feb)

17:30 - USD - Initial Jobless Claims

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

1.2159

1.3813

105.50

15.66

1.2124

1.3762

105.34

15.46

1.2083

1.3714

105.16

15.25

1.2048

1.3663

105.00

15.13

1.2007

1.3615

104.82

15.07

1.1972

1.3564

104.66

14.93

1.1931

1.3516

104.48

14.61

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Head - Forex And Derivatives

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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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