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Treasury

Daily Market Patrol

Market Patrol 23 February 2021

The hard work in trading comes in preparation. The actual process of trading, however, should be effortless

Jack Schwager
Indicative Selling Rates
against MUR
USD
25 Feb 2021
  • AUD
  • 32.13
  • 0.8002
  • BWP
  • 3.73
  • 0.0929
  • CAD
  • 32.25
  • 1.2449
  • CNY
  • 6.25
  • 6.4212
  • DKK
  • 6.62
  • 6.0645
  • EUR
  • 48.99
  • 1.2201
  • HKD
  • 5.21
  • 7.7092
  • INR
  • 0.56
  • 71.7711
  • JPY
  • 38.10
  • 105.3740
  • KES
  • 36.90
  • 108.8081
  • NZD
  • 30.01
  • 0.7473
  • NOK
  • 4.83
  • 8.3070
  • SGD
  • 30.62
  • 1.3113
  • ZAR
  • 2.80
  • 14.3620
  • SEK
  • 4.89
  • 8.2077
  • CHF
  • 44.49
  • 1.1081
  • GBP
  • 56.92
  • 1.4176
  • USD
  • 40.15
  • 1.0000
  • AED
  • 11.00
  • 3.6494
The dollar-rupee slipped by 5 cents to 40.15(selling) on the local market following intervention from the central bank.
Fundamental News

EUR/USD
The Shared currency gained to $1.2168 with investors turning cautious ahead of the FED Chairman Jerome Powell's appearance before Congress later today, where the latter is expected to reiterate an accommodative monetary policy.

 

GBP/USD
The Cable extended gains to $1.4084 as the U.K. rolled out a quick and successful COVID-19 vaccine program, in turn boosting confidence in a U.K. economic recovery.

 

USD/JPY
The Japanese yen rose to 105.05 on a weak U.S dollar amid a closed Japan market for Emperor's Birthday.

 

AUD/USD
The Australian Dollar maintains its path north to $0.7918 as China home prices show growth, therefore signaling an economic recovery in the region.

 

USD/ZAR
The South African’s rand rose to 14.61 against the greenback on expectations of signs of fiscal consolidation ahead of south African’s budget this week.

 

USD/MUR
The dollar-rupee slipped by 5 cents to 40.15(selling) on the local market following intervention from the central bank.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Average Earnings Index + Bonus (Dec)

11:00 - GBP - Claimant Count Change (Jan)

14:00 - EUR - CPI (YoY) (Jan)

19:00 - USD - CB Consumer Confidence (Feb)

19:00 - USD - Fed Chair Powell Testifies

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
1.2264
1.4209
106.48
15.02
R2
1.2217
1.4148
106.17
14.84
R1
1.2186
1.4104
105.62
14.78
PP
1.2139
1.4043
105.31
14.62
S1
1.2108
1.3999
104.76
14.49
S2
1.2061
1.3938
104.45
14.39
S3
1.2030
1.3894
103.90
14.23
Weekly Technical update by Allan Juste 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.