Market Patrol 18 February 2021

As an entrepreneur, I have found that my greatest success has come from incrementalism and focus.

Anthony Scaramucci

Indicative Selling Rates
against MUR
USD

16 Apr 2024

AUD
30.59
0.6481

BWP
3.48
0.0737

CAD
34.48
1.3688

CNY
6.61
7.1388

DKK
6.81
6.9264

EUR
50.34
1.0666

HKD
6.12
7.7125

INR
0.57
82.2137

JPY
30.94
152.5741

KES
36.67
128.7205

NZD
28.01
0.5934

NOK
4.40
10.7360

SGD
34.89
1.3527

ZAR
2.56
18.4391

SEK
4.39
10.7602

CHF
52.03
1.1023

GBP
58.96
1.2491

USD
47.20
1.0000

AED
13.05
3.6156

U.S dollar energized overnight with cheerful U.S retail sales

Fundamental News

EUR/USD
The single currency plunged to $1.2044, smacked by upbeat U.S retail sales, industrial output and producer prices.

GBP/USD
Sterling tumbled to $1.3848 although U.K annual consumer price inflation rose to a three-month high of 0.7% last month.

USD/JPY
The yen soared to 105.87 per dollar on BOJ Governor Kuroda's comment that its exports had recovered to levels before COVID-19 struck.

AUD/USD
Aussie bolstered to $0.7755 following Australian employment rose for a fourth straight month in January, and the jobless rate fell by more than expected.

USD/ZAR
South African rand climbed to 14.65 against the greenback as South Africa started its COVID-19 vaccination drive.

USD/MUR
The dollar-rupee teetered at 40.20(selling) after Bank of Mauritius intervened to sell U.S dollar on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - EUR - ECB Publishes Account of Monetary Policy Meeting

17:30 - USD - Building Permits (Jan)

17:30 - USD - Philadelphia Fed Manufacturing Index (Feb)

20:00 - USD - Crude Oil Inventories

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

1.2184

1.3988

106.58

14.82

1.2148

1.3949

106.40

14.73

1.2095

1.3907

106.14

14.68

1.2059

1.3868

105.96

14.62

1.2006

1.3825

105.69

14.60

1.1970

1.3787

105.51

14.57

1.1917

1.3744

105.24

14.51

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
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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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