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Treasury

Daily Market Patrol

Market Patrol 10 February 2021

If you really look closely, most overnight success took a long time

Steve Jobs
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 single currency rose to $1.2127 amid economic recovery hopes continue to grow
Fundamental News

EUR/USD
The Shared currency gained traction to $1.2127 as demand for safe-haven assets faded on hopes for a global economic recovery from COVID-19 continues to grow alongside hopes for further massive fiscal and monetary stimulus from the U.S.

 

GBP/USD
The Cable surged to $1.3820 underpinned by surging U.K. bond yields on optimism over a vital reopening of the country, following a speedy vaccine rollout.

 

USD/JPY
The Japanese yen extended gains to 104.57 against the U.S dollar after PPI data revealed in line with expectations earlier today.

 

AUD/USD
The Aussie dollar jumped to $0.7740 after China's PPI turned positive for the first time since January 2020.

 

USD/ZAR
The South African rand strengthened to 14.70 against the greenback as optimism about the passing of a $1.9 trillion stimulus program in the United States boosted risky assets' demand.

 

USD/MUR
The dollar-rupee unchanged at 40.20(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

19:30 - USD - Crude Oil Inventories

21:30 - USD - US Federal Budget

23:00 - USD - Fed Chair Powell 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
1.2219
1.3931
105.81
15.66
R2
1.2170
1.3875
105.54
15.46
R1
1.2145
1.3848
105.05
15.25
PP
1.2096
1.3792
104.78
15.13
S1
1.2071
1.3765
104.29
15.07
S2
1.2022
1.3709
104.05
14.93
S3
1.1997
1.3682
103.53
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.