Market Patrol 09 February 2021

I know where I'm getting out before I get in

Bruce Kovner

Indicative Selling Rates
against MUR
USD

20 Dec 2024

AUD
30.10
0.6322

BWP
3.54
0.0745

CAD
33.29
1.4301

CNY
6.72
7.0815

DKK
6.71
7.0904

EUR
49.58
1.0414

HKD
6.22
7.6568

INR
0.57
83.7507

JPY
31.08
153.1735

KES
37.41
127.2757

NZD
27.03
0.5677

NOK
4.24
11.2216

SGD
35.54
1.3396

ZAR
2.68
17.7715

SEK
4.37
10.8960

CHF
53.34
1.1203

GBP
59.72
1.2543

USD
47.61
1.0000

AED
13.26
3.5895

The dollar-rupee unfazed at 40.20(selling) amid the central bank intervened on the domestic market yesterday.

Fundamental News

EUR/USD
The Single currency surged to $1.2075 as investors began entertaining doubts about the scale of a recent rally driven by expectations of a faster pandemic recovery in the United States than elsewhere.

GBP/USD
The Pound sterling strengthened to $1.3785 boosted by heightened risk appetite in global markets, optimism surrounding the UK's COVID-19 vaccine rollout and a lessening of negative rates expectations.

USD/JPY
The Japanese yen rocketed to 104.90 against the greenback after Japanese Finance Minister Taro Aso announced 1.1372 trillion emergency relief package to battle the coronavirus.

AUD/USD
The Aussie dollar extended gains to $0.7728 despite Australia’s NAB Business Conditions and Business Confidence data came in mixed for January.

USD/ZAR
The Rand remained resilient at 14.80 versus the greenback although AstraZeneca's first batch vaccine proved to be relatively ineffective against the dominant South African variant of the virus.

USD/MUR
The dollar-rupee unfazed at 40.20(selling) amid the central bank intervened on the domestic market yesterday.

Fundamental & Technical Data

Economic Indicators-Local Time

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

1.2117

1.3836

106.06

15.66

1.2091

1.3792

105.87

15.46

1.2071

1.3768

105.54

15.25

1.2045

1.3724

105.35

15.13

1.2025

1.3700

105.02

15.07

1.1999

1.3656

104.83

14.93

1.1979

1.3632

104.50

14.61

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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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