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Treasury

Daily Market Patrol

Market Patrol 08 February 2021

Don't worry about what the markets are going to do, worry about what you are going to do in response to the markets

Michael Carr
Indicative Selling Rates
against MUR
USD
03 Oct 2024
  • AUD
  • 32.63
  • 0.6964
  • BWP
  • 3.64
  • 0.0778
  • CAD
  • 34.93
  • 1.3413
  • CNY
  • 6.88
  • 6.8135
  • DKK
  • 7.03
  • 6.6630
  • EUR
  • 51.95
  • 1.1089
  • HKD
  • 6.12
  • 7.6528
  • INR
  • 0.57
  • 82.6031
  • JPY
  • 32.52
  • 144.0718
  • KES
  • 36.96
  • 126.7616
  • NZD
  • 29.51
  • 0.6298
  • NOK
  • 4.51
  • 10.3812
  • SGD
  • 36.74
  • 1.2750
  • ZAR
  • 2.78
  • 16.8304
  • SEK
  • 4.61
  • 10.1546
  • CHF
  • 55.44
  • 1.1834
  • GBP
  • 62.38
  • 1.3314
  • USD
  • 46.85
  • 1.0000
  • AED
  • 13.06
  • 3.5884
The U.S. dollar retreated across the board on weak jobs data
Fundamental News

EUR/USD
The Shared currency rose to $1.2038 on U.S dollar weakness and ahead of German industrial output later in the European session.

 

GBP/USD
The Cable extended gains to $1.3730 as disappointing U.S. jobs data caused some investors to scale back bets on a rebound in the greenback.

 

USD/JPY
The Japanese Yen ticked up to 105.48 against the greenback after the US-based Fitch Ratings affirmed Japan’s sovereign credit rating at 'A' while maintaining a Negative outlook.

 

AUD/USD
The Aussie dollar recovered to $0.7675 as optimism about a global economic recovery and a weak U.S. dollar supported the risk-sensitive Australian dollar.

 

USD/ZAR
South Africa's rand firmed at 14.85 versus the greenback boosted by signs of a smaller fiscal deficit and faster procurement of COVID-19 vaccines ahead of the budget speech later in the month.

 

USD/MUR
The dollar-rupee stayed put at 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

20:15 - EUR - ECB President Lagarde Speaks

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
1.2180
1.3843
106.09
15.66
R2
1.2115
1.3792
105.93
15.46
R1
1.2082
1.3764
105.66
15.25
PP
1.2017
1.3713
105.50
15.13
S1
1.1984
1.3685
105.23
15.07
S2
1.1919
1.3634
105.07
14.93
S3
1.1886
1.3606
104.80
14.61
Weekly Market Update by Reshma Peerun Rajwani
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.