Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 24 February 2021

The markets are unforgiving, and emotional trading always results in losses.

Alexander Elder
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
The Euro dropped to $1.2148 despite dovish comments from Fed Chair Powell
Fundamental News

EUR/USD
The Shared currency dropped to $1.2148 despite dovish comments from Fed Chair Powell, who reiterated that the economy was a long way from inflation and employment goals.

 

GBP/USD
The Pound sterling rocketed to $1.4161 after U.K. Prime Minister Boris Johnson introduced a plan to ease current lockdown restrictions in stages as the country continues its rapid COVID-19 vaccine rollout.

 

USD/JPY
The Japanese yen lost ground to 105.52 against the U.S dollar after Finance Minister Taro Aso said earlier today that the government could likely be forced to keep issuing deficit-covering bonds, at least until 2025, given that country’s current fiscal situation.

 

AUD/USD
The Aussie dollar ticked down to $0.7910, although an upbeat December quarter wage price index in today's Asian session.

 

USD/ZAR
The South African’s rand gained sharply to 14.58 against the U.S dollar after the Federal Reserve Chair Jerome Powell said the U.S. economy needed support for ‘some time’, comments that had hurt the dollar.

 

USD/MUR
The dollar-rupee unchanged at 40.15(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - EUR - German GDP (QoQ) (Q4)

19:00 - USD - New Home Sales (Jan)

19:30 - 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
R3
1.2219
1.4200
106.00
15.02
R2
1.2199
1.4159
105.72
14.84
R1
1.2174
1.4137
105.49
14.78
PP
1.2154
1.4096
105.21
14.62
S1
1.2129
1.4074
104.98
14.49
S2
1.2109
1.4033
104.70
14.39
S3
1.2084
1.4011
104.47
14.23
Weekly Technical Analysis on GBP by Aassan Deedarun 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.