Market Patrol 19 February 2021

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

Steve Clark

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 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

1.2168

1.4174

106.18

14.82

1.2132

1.4080

106.05

14.73

1.2111

1.4028

105.85

14.68

1.2073

1.3934

105.73

14.62

1.2054

1.3881

105.53

14.60

1.2016

1.3787

105.40

14.57

1.1997

1.3735

105.20

14.51

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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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