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Treasury

Daily Market Patrol

Market Patrol 22 February 2021

Don't worry about what the markets are going to do, worry about what you are going to do in response to the markets.

MIchael Carr
Indicative Selling Rates
against MUR
USD
23 Dec 2024
  • AUD
  • 30.07
  • 0.6355
  • BWP
  • 3.51
  • 0.0742
  • CAD
  • 33.24
  • 1.4232
  • CNY
  • 6.68
  • 7.0797
  • DKK
  • 6.72
  • 7.0362
  • EUR
  • 49.65
  • 1.0494
  • HKD
  • 6.18
  • 7.6570
  • INR
  • 0.57
  • 83.7046
  • JPY
  • 31.01
  • 152.5601
  • KES
  • 37.32
  • 126.7783
  • NZD
  • 27.02
  • 0.5712
  • NOK
  • 4.28
  • 11.0662
  • SGD
  • 35.48
  • 1.3335
  • ZAR
  • 2.68
  • 17.6547
  • SEK
  • 4.36
  • 10.8593
  • CHF
  • 53.28
  • 1.1261
  • GBP
  • 59.82
  • 1.2645
  • USD
  • 47.31
  • 1.0000
  • AED
  • 13.18
  • 3.5893
The Cable surged to $1.4015, all eyes on PM Boris Johnson speech for easing lockdown restriction later today.
Fundamental News

EUR/USD
The Shared currency extended gains to $1.2121 as investors cheered vaccine progress and investors began to price in a global inflation pickup.

 

GBP/USD
The Cable surged to $1.4043, its highest since April 2018, as Prime Ministers Boris Johnson charts a part out of lockdowns on the back of rapid vaccinations.

 

USD/JPY
The Japanese yen was the only major to cede ground to the greenback at 105.65 as rising U.S. Treasury yields drew investment flows from Japan.

 

AUD/USD
The Aussie dollar rocketed to $0.7881, underpinned by S&P's upgrade of New Zealand's sovereign credit ratings by a notch.

 

USD/ZAR
The rand weakened to 14.75 against the U.S dollar due to increasingly cautious trade ahead of budget speech this week, which will give the government’s outlook on the economy and public finances.

 

USD/MUR
The dollar-rupee stay idled at 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - German Ifo Business Climate Index (Feb)

18:30 - EUR - ECB President Lagarde 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
R3
1.2211
1.4127
106.19
15.02
R2
1.2178
1.4082
105.97
14.84
R1
1.2148
14043
105.69
14.78
PP
1.2115
1.3998
105.47
14.62
S1
1.2085
1.3959
105.19
14.49
S2
1.2052
1.3914
104.97
14.39
S3
1.2022
1.3875
104.69
14.23
Weekly Market Update by Reshma Peerun Rajwani
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.