Market Patrol 10 February 2021

If you really look closely, most overnight success took a long time

Steve Jobs

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 single currency rose to $1.2127 amid economic recovery hopes continue to grow

Fundamental News

EUR/USD
The Shared currency gained traction to $1.2127 as demand for safe-haven assets faded on hopes for a global economic recovery from COVID-19 continues to grow alongside hopes for further massive fiscal and monetary stimulus from the U.S.

GBP/USD
The Cable surged to $1.3820 underpinned by surging U.K. bond yields on optimism over a vital reopening of the country, following a speedy vaccine rollout.

USD/JPY
The Japanese yen extended gains to 104.57 against the U.S dollar after PPI data revealed in line with expectations earlier today.

AUD/USD
The Aussie dollar jumped to $0.7740 after China's PPI turned positive for the first time since January 2020.

USD/ZAR
The South African rand strengthened to 14.70 against the greenback as optimism about the passing of a $1.9 trillion stimulus program in the United States boosted risky assets' demand.

USD/MUR
The dollar-rupee unchanged at 40.20(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

19:30 - USD - Crude Oil Inventories

21:30 - USD - US Federal Budget

23:00 - USD - Fed Chair Powell Speaks

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

1.2219

1.3931

105.81

15.66

1.2170

1.3875

105.54

15.46

1.2145

1.3848

105.05

15.25

1.2096

1.3792

104.78

15.13

1.2071

1.3765

104.29

15.07

1.2022

1.3709

104.05

14.93

1.1997

1.3682

103.53

14.61

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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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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