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Treasury

Daily Market Patrol

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
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
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
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 FX Market Analysis by Karishma Sewock Nobutsing 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.