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Treasury

Daily Market Patrol

Market Patrol 26 February 2021

Do one thing everyday that scares you

Eleanor Roosevelt
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The common currency plummeted to $1.2150 amid a spike in U.S. Treasury Bond yields
Fundamental News

EUR/USD
The common currency plummeted to $1.2150 this morning after recording a high of $1.2142 yesterday amid a spike in U.S. Treasury Bond yields as investors priced in monetary tightening by the Federal Reserve sooner than most expected just weeks ago.

 

GBP/USD
The Cable slipped to $1.3952 after Bank of England Governor Andrew Bailey said in an interview that the central bank do expect a negative quarter in the first quarter of 2021.

 

USD/JPY
The Japanese yen lost ground to 106.20 against the U.S dollar as the Bank of Japan Governor Haruhiko Kuroda cited that the risks to the Japanese economy and the inflation outlook remain skewed to the downside.

 

AUD/USD
The Aussie dollar nosedived to $0.7840 as risk-off hits east following global market sell-offs, hence spurring demand for the safe-haven US dollar.

 

USD/ZAR
The south African’s rand fell sharply to 15.03 against the greenback, giving up the previous session’s despite the Finance Minister Tito Mboweni’s budget speech reassured some investors the country could avoid a full scale financial crisis.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - Personal Spending (MoM) (Jan)

17:30 - CAD - RMPI (MoM) (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
R3
1.2314
1.4311
107.04
15.02
R2
1.2278
1.4247
106.72
14.84
R1
1.2227
1.4129
106.48
14.78
PP
1.2191
1.4065
106.16
14.62
S1
1.2140
1.3947
105.92
14.49
S2
1.2104
1.3883
105.60
14.39
S3
1.2053
1.3765
105.36
14.23
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.