Market Patrol 17 February 2021

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.

Yvan Byeajee

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

The U.S dollar bolstered across the board, powered by upbeat U.S. Empire State manufacturing report

Fundamental News

EUR/USD
The common currency slammed to $1.2085, failing to benefit from the upbeat Eurozone Q4 GDP data and German ZEW Economic Sentiment Index yesterday.

GBP/USD
The cable receded to $1.3880 amid market is waiting for UK CPIs at 11:00 (local time).

USD/JPY
Yen cascaded to 106 per dollar on comments from Japanese PM Suga on Wednesday that the Bank of Japan is expected to guide the monetary policy appropriately.

AUD/USD
The Aussie plunged to a daily low of $0.7728 as RBA Assistant Governor Christopher Kent on Wednesday estimated the Aussie would have been 5% higher without those policies.

USD/ZAR
South African rand nosedived to 14.73 smacked by a rise in "prices paid index" in NY Fed Reserve's Empire State manufacturing report.

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

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - CPI (YoY)(Jan)

13:00 - EUR - ECB Monetary Policy Statement

18:30 - USD - Core Retail Sales (MoM)(Jan)

18:30 - USD - Retail Sales (MoM)(Jan)

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

1.2230

1.4032

106.98

15.37

1.2200

1.3992

106.48

14.88

1.2156

1.3950

106.20

14.50

1.2125

1.3910

105.69

14.40

1.2081

1.3867

105.41

14.26

1.2051

1.3827

104.90

14.01

1.2007

1.3785

104.63

13.41

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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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