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Treasury

Daily Market Patrol

Market Patrol 05 February 2021

The Markets are unforgiving, and emotional trading always results in losses

Alexander Elder
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 Cable bounced back to $1.3675 after Bank of England kept pushed out negative rate views
Fundamental News

EUR/USD
The Shared currency slipped to $1.1956 over growing confidence in the U.S. economic recovery from COVID-19 and ahead of U.S. Non-farm payroll data.

 

GBP/USD
The Cable bounced back to $1.3675 after the Bank of England kept its February interest rate at 0.10% and assuaged lingering fears of negative rates.

 

USD/JPY
The Japanese Yen extended losses to 105.55 against the greenback as U.S. data showed a larger-than-expected decline on jobless claims, supporting expectations of a positive surprise on Friday from the official U.S. employment report.

 

AUD/USD
The Aussie dollar dropped to $0.7595 and struggled to gather upside traction despite the Reserve Bank of Australia's upbeat take on the economy. 

 

USD/ZAR
The South African rand weakened to 15.02 per U.S dollar, backtracking for the first time this week ahead of S.A's Net Fx Reserves data due later today.

 

USD/MUR
The dollar-rupee climbed by 5 cents to 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - GBP - BoE Gov Bailey Speaks 

17:30 - USD - Non Farm Payroll (Jan)

17:30 - CAD - Employment Change (Jan)

 

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
1.2102
1.3856
106.34
15.66
R2
1.2073
1.3777
105.96
15.46
R1
1.2017
1.3724
105.75
15.25
PP
1.1988
1.3645
105.37
15.13
S1
1.1932
1.3592
105.16
15.07
S2
1.1903
1.3513
104.78
14.93
S3
1.1847
1.3460
104.57
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.