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Treasury

Daily Market Patrol

Market Patrol 16 February 2021

Education is the best economic policy there is.

Tony Blair
Indicative Selling Rates
against MUR
USD
21 Oct 2021
  • AUD
  • 32.60
  • 0.7573
  • BWP
  • 3.94
  • 0.0915
  • CAD
  • 35.25
  • 1.2214
  • CNY
  • 6.83
  • 6.3076
  • DKK
  • 6.84
  • 6.2899
  • EUR
  • 50.38
  • 1.1702
  • HKD
  • 5.63
  • 7.6497
  • INR
  • 0.58
  • 73.7278
  • JPY
  • 38.04
  • 113.1606
  • KES
  • 39.30
  • 109.5385
  • NZD
  • 31.21
  • 0.7250
  • NOK
  • 5.27
  • 8.1705
  • SGD
  • 32.40
  • 1.3288
  • ZAR
  • 3.03
  • 14.1860
  • SEK
  • 5.07
  • 8.4831
  • CHF
  • 47.20
  • 1.0963
  • GBP
  • 59.70
  • 1.3867
  • USD
  • 43.05
  • 1.0000
  • AED
  • 11.85
  • 3.6325
Cable spiked to $1.3950 powered by good Covid-19 vaccines.
Fundamental News

EUR/USD
The single currency retreated from yesterday's high at $1.2150 to $1.2135, amid market is eyeing for eurozone growth estimates and German sentiment survey today.


GBP/USD
The cable spiked to $1.3950 buoyed by good covid results, which in turn renewed chatters over easing virus-led activity restrictions.

 

USD/JPY
The Japanese Yen plummeted to 105.54 per dollar on reports that China is looking into curbing the exports of rare earth minerals that are crucial to U.S. defence contractors for the manufacture of sophisticated weaponry and F-35 fighter jets.

 

AUD/USD
The commodity-linked Australian dollar soared to $0.8890, driven by higher oil prices on Tuesday, as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States.

 

USD/ZAR
Rand rocketed to 14.42 per dollar, as Finance Minister Tito Mboweni is set to deliver the 2021 budget on Feb. 24, showing better-than-forecast revenue collection.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - German ZEW Economic Sentiment (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
R3
1.2173
1.023
106.03
15.37
R2
1.2159
1.3971
105.72
14.88
R1
1.2145
1.3939
105.53
14.50
PP
1.2131
1.3887
105.22
14.40
S1
1.2117
1.3854
105.03
14.26
S2
1.2103
1.3802
104.72
14.01
S3
1.2089
1.3769
104.52
13.41
Weekly Market Update 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.