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Treasury

Daily Market Patrol

Market Patrol 09 February 2021

I know where I'm getting out before I get in

Bruce Kovner
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 dollar-rupee unfazed at 40.20(selling) amid the central bank intervened on the domestic market yesterday.
Fundamental News

EUR/USD
The Single currency surged to $1.2075 as investors began entertaining doubts about the scale of a recent rally driven by expectations of a faster pandemic recovery in the United States than elsewhere.

 

GBP/USD
The Pound sterling strengthened to $1.3785 boosted by heightened risk appetite in global markets, optimism surrounding the UK's COVID-19 vaccine rollout and a lessening of negative rates expectations.

 

USD/JPY
The Japanese yen rocketed to 104.90 against the greenback after Japanese Finance Minister Taro Aso announced 1.1372 trillion emergency relief package to battle the coronavirus.

 

AUD/USD
The Aussie dollar extended gains to $0.7728 despite Australia’s NAB Business Conditions and Business Confidence data came in mixed for January.

 

USD/ZAR
The Rand remained resilient at 14.80 versus the greenback although AstraZeneca's first batch vaccine proved to be relatively ineffective against the dominant South African variant of the virus.

 

USD/MUR
The dollar-rupee unfazed at 40.20(selling) amid the central bank intervened on the domestic market yesterday.

Fundamental & Technical Data
Economic Indicators-Local Time
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
1.2117
1.3836
106.06
15.66
R2
1.2091
1.3792
105.87
15.46
R1
1.2071
1.3768
105.54
15.25
PP
1.2045
1.3724
105.35
15.13
S1
1.2025
1.3700
105.02
15.07
S2
1.1999
1.3656
104.83
14.93
S3
1.1979
1.3632
104.50
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.