Market Patrol 11 February 2021

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Indicative Selling Rates
against MUR
USD

24 Apr 2024

AUD
30.84
0.6580

BWP
3.43
0.0732

CAD
34.58
1.3552

CNY
6.56
7.1461

DKK
6.83
6.8651

EUR
50.42
1.0758

HKD
6.07
7.7178

INR
0.57
81.9769

JPY
30.62
153.0506

KES
35.48
132.1115

NZD
28.11
0.5997

NOK
4.40
10.6625

SGD
34.83
1.3457

ZAR
2.54
18.4847

SEK
4.40
10.6565

CHF
51.73
1.1037

GBP
58.66
1.2515

USD
46.87
1.0000

AED
12.96
3.6156

The Shared currency seesawed at $1.2127 despite weaker-than-expected U.S. inflation data

Fundamental News

EUR/USD
The Shared currency traded sideways at $1.2127 despite weaker-than-expected U.S. inflation data and a promise from the Federal Reserve to keep interest rates low.

GBP/USD
The Cable climbed to $1.3845 and touched its highest level in almost three years as Britain’s speedy coronavirus inoculation program supported the currency.

USD/JPY
The Japanese yen meandered at 104.60 against the greenback amid National day in Japan.

AUD/USD
The Aussie dollar ticked up to $0.7740 on the back of Australian Treasury Secretary Kennedy's positive comments on the Australian economy.

USD/ZAR
The Rand firmed at 14.71 against the greenback holding near a five-week high hit as rising hopes of a $1.9 trillion stimulus program in the United States elevated risky assets.

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

Fundamental & Technical Data

Economic Indicators-Local Time

20:00 - USD - Fed Monetary Policy Report

23:00 - USD - USD Federal Budget

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

1.2219

1.3931

105.81

15.66

1.2170

1.3875

105.54

15.46

1.2145

1.3848

105.05

15.25

1.2096

1.3792

104.78

15.13

1.2071

1.3765

104.29

15.07

1.2022

1.3709

104.05

14.93

1.1997

1.3682

103.53

14.61

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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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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