Market Patrol 1 March 2021

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Bill Gates

Indicative Selling Rates
against MUR
USD

18 Apr 2024

AUD
30.55
0.6504

BWP
3.46
0.0738

CAD
34.43
1.3642

CNY
6.58
7.1369

DKK
6.82
6.8835

EUR
50.41
1.0732

HKD
6.09
7.7142

INR
0.57
82.2069

JPY
30.79
152.5363

KES
36.08
130.1709

NZD
28.05
0.5972

NOK
4.37
10.7550

SGD
34.90
1.3459

ZAR
2.55
18.3894

SEK
4.36
10.7728

CHF
51.95
1.1061

GBP
58.86
1.2531

USD
46.97
1.0000

AED
12.99
3.6158

Cable nosedived to $1.3980 on BoE comments.

Fundamental News

EUR/USD
The single currency plummeted to $1.2083, amid market is eyeing for German Consumer Price Index (CPI) data due at 13:00 GMT.

GBP/USD
Cable nosedived to $1.3980 after Bank of England Chief Economist Andy Haldane warned on Friday of a risk that inflation will prove difficult to keep under control as the economy recovers from the pandemic. UK Chancellor Sunak is up for £5 billion grants.

USD/JPY
Japanese yen plunged to 106.54 against the dollar following China's official manufacturing PMI fell short of expectation.

AUD/USD
The Aussie recovered from Friday's low of $0.7691 to $0.7755, buoyed by Reserve Bank of Australia doubled the size of its daily bond purchases from $2 billion to $4 billion early Monday.

USD/ZAR
Rand surged to 14.97 per greenback despite challenges in restoring debt sustainability, notably in tackling public sector wages, Eskom's weak operational and financial state, and low growth potential.

USD/MUR
The pair inched higher by 5 cents to 40.20(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

13:55 - EUR - German Manufacturing PMI

14:30 - GBP - Manufacturing PMI (Feb)

20:00 - USD - ISM Manufacturing PMI (Feb)

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

1.2264

1.4149

107.74

15.50

1.2224

1.4089

107.22

15.29

1.2145

1.4009

106.90

15.19

1.2105

1.3950

106.37

15.02

1.2026

1.3869

106.05

14.88

1.1986

1.3810

105.53

14.79

1.1907

1.3730

105.21

14.69

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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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