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Treasury

Daily Market Patrol

Market Patrol 19 February 2021

Do more of what works and less of what doesn't.

Steve Clark
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
U.S dollar crimped across the board on disappointing U.S. initial jobless claims data.
Fundamental News

EUR/USD
The single currency vaulted to $1.21 despite European Central Bank policymakers expressed fresh concerns over the euro's strength, while policymakers agreed to reaffirm a commitment to maintaining favourable financing conditions.

 

GPB/USD
Cable jostled to $1.3980 as the aggressive rollout of the COVID-19 vaccination programme in the United Kingdom raised expectations its economy will recover faster than that of its European peers.

 

USD/JPY
Japanese yen rocketed to 105.60 per dollar on the back of a weaker dollar after disappointing U.S. labour market data bruised optimism for the country's speedy recovery from the COVID-19 pandemic.

 

AUD/USD
The Aussie pierced to $0.7789 buoyed by rising commodity prices as China returned from holiday and cheerful retail sales data.

 

USD/ZAR
The rand rallied to 14.57 against the greenback despite the news that a laboratory study suggested the dominant coronavirus variant first identified in South Africa may reduce antibody protection from Pfizer's COVID-19 vaccine by two-thirds.

 

USD/MUR
The dollar-rupee stay stagnant at 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Retail Sales (MoM)(Jan)

12:30 - EUR - German Manufacturing PMI (Feb)

13:30 - GBP - Composite PMI 

13:30 - GBP - Manufacturing PMI 

13:30 - GBP - Services PMI

19:00 - USD - Existing Home Sales (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
R3
1.2168
1.4174
106.18
14.82
R2
1.2132
1.4080
106.05
14.73
R1
1.2111
1.4028
105.85
14.68
PP
1.2073
1.3934
105.73
14.62
S1
1.2054
1.3881
105.53
14.60
S2
1.2016
1.3787
105.40
14.57
S3
1.1997
1.3735
105.20
14.51
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.