Market Patrol 03 February 2021

When it's raining gold, reach for a bucket, not a thimble

Warren Buffett

Indicative Selling Rates
against MUR
USD

24 Dec 2024

AUD
30.10
0.6335

BWP
3.49
0.0736

CAD
33.31
1.4261

CNY
6.71
7.0813

DKK
6.72
7.0708

EUR
49.63
1.0447

HKD
6.21
7.6559

INR
0.57
83.8245

JPY
31.07
152.9184

KES
37.33
127.2721

NZD
27.07
0.5698

NOK
4.27
11.1323

SGD
35.52
1.3377

ZAR
2.65
17.9149

SEK
4.36
10.9000

CHF
53.17
1.1192

GBP
59.87
1.2601

USD
47.51
1.0000

AED
13.24
3.5892

The South African rand rallied to 14.93 per U.S dollar on vaccine progress

Fundamental News

EUR/USD
The Shared currency dropped to $1.2044 as the disparity between the United States' strength and Europe’s pandemic recoveries widened.

GBP/USD
The Cable ticked down to $1.3664 amid broad US dollar strength and cautious market sentiment ahead of key British Services PMI.

USD/JPY
The Japanese yen meandered at 104.98 per U.S dollar despite comments from BoJ's Deputy Governor Masazumi Wakatabe that the central bank won't hesitate to add easing if necessary.

AUD/USD
The Aussie dollar inched lower to $0.7614 on disappointing data released in China earlier in the day. January’s Caixin services Purchasing Managers Index was 52, against December’s 56.3.

USD/ZAR
The Rand rallied to 14.93 against the greenback supported by progress in South Africa's coronavirus vaccine purchases and easing lockdown restrictions, while stocks slipped slightly.

USD/MUR
The dollar-rupee jumped by 10 cents to 40.15 (selling) on the local market, influenced by price elasticity forces.

Fundamental & Technical Data

Economic Indicators-Local Time

12:00 - EUR - ECB Monetary Policy Statement

13:30 - GBP - Services PMI (Jan)

13:30 - GBP - Composite PMI (Jan)

14:00 - EUR - CPI (YoY) (Jan)

17:15 - USD - ADP Nonfarm Employment Change (Jan)

19:00 - USD - ISM Non-Manufacturing PMI (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

1.2159

1.3813

105.50

15.66

1.2124

1.3762

105.34

15.46

1.2083

1.3714

105.16

15.25

1.2048

1.3663

105.00

15.13

1.2007

1.3615

104.82

15.07

1.1972

1.3564

104.66

14.93

1.1931

1.3516

104.48

14.61

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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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