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Treasury

Daily Market Patrol

Market Patrol 25 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 Shared currency rose $1.2180 as Fed continued dovish tone
Fundamental News

EUR/USD
The Shared currency rose to $1.2180, mainly on broad-based dollar weakness as Fed Chair maintained dovish stance before the House of Representatives Committee on Finance Services and ahead of the important USD GDP data.

 

GBP/USD
The Cable recovered from of a low of $1.4080 to $1.4161 on news that UK Chancellor is up for an easy budget to help Britain overcome pandemic losses next week.

 

USD/JPY
The Japanese yen lost ground to 105.89 against the U.S dollar amid rising US yields and risk appetite.

 

AUD/USD
The Aussie dollar extended gains to $0.7975 on better than expected Australia’s Private Capital Expenditure data for the fourth quarter.

 

USD/ZAR
The South African’s rand strengthen to 14.47 against the greenback after the South African Finance Minister Tito Mboweni presented the annual budget speech, highlighting the fiscal framework for the next financial year.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - GDP (QoQ) (Q4)

17:30 - USD - Core Durable Goods Orders 

17:30 - USD - Initial Jobless Claims

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
1.2260
1.4386
107.16
15.02
R2
1.2217
1.4313
106.63
14.84
R1
1.2194
1.4227
106.24
14.78
PP
1.2151
1.4154
105.71
14.62
S1
1.2128
1.4068
105.32
14.49
S2
1.2085
1.3995
104.79
14.39
S3
1.2062
1.3909
104.40
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.