Market Patrol 08 February 2022

Profit from folly, rather than participate in it.

Warren Buffet

Indicative Selling Rates
against MUR
USD

19 Sep 2024

AUD
31.94
0.6890

BWP
3.57
0.0770

CAD
34.35
1.3492

CNY
6.75
6.8687

DKK
7.01
6.6138

EUR
51.78
1.1172

HKD
6.04
7.6771

INR
0.56
82.3363

JPY
32.96
140.6323

KES
36.57
126.7431

NZD
29.05
0.6267

NOK
4.47
10.3645

SGD
36.34
1.2754

ZAR
2.74
16.9379

SEK
4.61
10.0637

CHF
54.94
1.1853

GBP
61.50
1.3269

USD
46.35
1.0000

AED
12.92
3.5874

The dollar-rupee climbed by 7 cents tracking a firmer U.S dollar across the board.

Fundamental News

EUR/USD
The Shared currency hunkered down to $1.1418 after European Central Bank President Christine Lagarde said on Monday that there is no need for big monetary policy tightening in the eurozone, as E.U. inflation is set to fall back and could stabilize around 2%.

GBP/USD
The Cable meandered at $1.3513 ahead of Thursday's Brexit talks and U.K. GDP data on Friday.

USD/JPY
The Japanese yen modestly gained to 115.43 agU.S.st the U.S dollar despite Japan's economics coming in mixed earlier today and covid-led measures likely to extend in Tokyo.

AUD/USD
The Aussie dollar rose to $0.7109 following Australian Prime Minister Scott Morrison announced the full reopening of the international borders for fully vaccinated visa holders from February 21.

USD/CAD
The Loonie edged up to 1.2690 versus the greenback as investors bet that weak domestic jobs data on Friday would not derail the start of Bank of Canada's interest rate hikes.

USD/ZAR
The South African rand weakened to 15.56 versus the greenback, as domestic headwinds weighed with power utility Eskom announcing the resumption of scheduled power cuts barely hours after suspending the outages.

USD/MUR
The dollar-rupee climbed by 7 cents to 43.67(Selling) on broad U.S dollar strength.

Fundamental & Technical Data

Economic Indicators-Local Time

21:00 - USD - EIA Short-Term Energy Outlook

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00%-0.25%

16-Mar-2020

European Central Bank

0.00%

10-Mar-2016

Bank of England

0.50%

03-Feb-2022

Bank of Japan

-0.10%

28-Jan-2016

Reserve Bank of Australia

0.10%

03-Nov-2020

01-Feb-2022

S.Africa Reserve Bank

4.00%

28-Jan-2022

24-Mar-2022

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

1.1516

1.3629

115.81

15.77

1.1491

1.3592

115.59

15.66

1.1465

1.3564

115.35

15.48

1.1440

1.3527

115.13

15.37

1.1414

1.3499

114.89

15.16

1.1389

1.3462

114.67

15.04

1.1363

1.3434

114.43

14.86

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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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