Market Patrol 16 February 2021

Education is the best economic policy there is.

Tony Blair

Indicative Selling Rates
against MUR
USD

03 May 2024

AUD
31.03
0.6638

BWP
3.36
0.0720

CAD
34.49
1.3553

CNY
6.55
7.1406

DKK
6.83
6.8459

EUR
50.43
1.0787

HKD
6.07
7.6974

INR
0.57
82.0550

JPY
30.90
151.2966

KES
35.26
132.5927

NZD
28.16
0.6023

NOK
4.35
10.7493

SGD
34.91
1.3393

ZAR
2.60
17.9742

SEK
4.37
10.7042

CHF
51.73
1.1065

GBP
58.96
1.2613

USD
46.75
1.0000

AED
12.93
3.6160

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

1.2173

1.023

106.03

15.37

1.2159

1.3971

105.72

14.88

1.2145

1.3939

105.53

14.50

1.2131

1.3887

105.22

14.40

1.2117

1.3854

105.03

14.26

1.2103

1.3802

104.72

14.01

1.2089

1.3769

104.52

13.41

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Allan Juste

Head - Forex And Derivatives

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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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