Market Patrol 25 February 2021

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

Alexander Elder

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

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

1.2260

1.4386

107.16

15.02

1.2217

1.4313

106.63

14.84

1.2194

1.4227

106.24

14.78

1.2151

1.4154

105.71

14.62

1.2128

1.4068

105.32

14.49

1.2085

1.3995

104.79

14.39

1.2062

1.3909

104.40

14.23

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Head – Treasury Sales

+230 403 5500

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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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