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Treasury

Daily Market Patrol

Market Patrol 15 February 2021

Smart investing doesn't consist of buying good assets, but of buying assets well.

Howard Marks
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 U.S dollar slammed across the board with United States out for Presidents Day.
Fundamental News

EUR/USD
The single currency surged to $1.2140, buoyed by hopes that Italian Prime Minister Draghi is suitable for putting together a new unity government. The United States is out for Presidents Day.

 

GBP/USD
The cable rallied to $1.39, after 13.5 million people in the UK had received their first dose of a vaccine as of Wednesday. PM Johnson has said that he will announce details about the schedule for easing lockdown restrictions in the UK on Feb. 22.

 

USD/JPY
The Japanese Yen hammered to 105.05 against the U.S dollar despite Japanese economy expanded 3% QoQ in Q4 vs. 2.3% expectations and 5.3% seen in the third quarter.

 

AUD/USD
Australian dollar started the week higher at $0.7785 on Monday, benefiting from buoyant planned coronavirus vaccine rollouts.

 

USD/ZAR
The South African rand pierced to 14.45 per greenback, on the back of a weaker dollar and after South Africa had secured nine million doses of the J&J vaccine, while another 20 million doses of the vaccine from Pfizer and BioNTech are en route.

 

USD/MUR
The pair remains put at 40.20(selling) on the domestic market.

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
1.2196
1.3971
105.65
15.66
R2
1.2166
1.3917
105.41
15.46
R1
1.2142
1.3884
105.18
15.25
PP
1.2112
1.3830
104.95
15.13
S1
1.2088
1.3797
104.72
15.07
S2
1.2058
1.3743
104.49
14.93
S3
1.2034
1.3711
104.25
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.