Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 4 January 2021

To advance, stand fast under all circumstances.

B.C. Forbes
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
The shared currency propelled to $1.2273 amid broad dollar weakness on expectation of additional U.S fiscal stimulus.
Fundamental News

EUR/USD
The shared currency propelled from $1.2122 to $1.2273 as expectations of additional fiscal stimulus and loose Federal Reserve monetary policies lead investors to shun the greenback.

 

GBP/USD
The cable held back gains at $1.3676 after British Prime Minister Boris Johnson said on Sunday tougher lockdown restrictions were probably on the way as Covid-19 cases keep rising.

 

USD/JPY
The safe-haven Japanese Yen jostled to 103 against the dollar on reports that a state emergency may be declared for as early as this week, as the Japanese capital grapples with record levels of infection.

 

AUD/USD
The Australian dollar started the new year with gains at $0.7710 buoyed by Australian home prices, climbing for a third straight month in December.


USD/ZAR
The South African rand steadied at 14.62 per dollar amid market is eyeing for South Africa Standard Bank PMI for December.

 

USD/MUR
The dollar-rupee stayed afloat at 39.83 on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

12:55 - EUR - German Manufacturing PMI (Dec)

13:30 - GBP - Manufacturing PMI (Dec)

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
27-Jan-2021
European Central Bank
0.00%
10-Mar-2016
21-Jan-2021
Bank of England
0.10%
19-May-2020
04-Feb-2021
Bank of Japan
-0.10%
28-Jan-2016
21-Jan-2021
Reserve Bank of Australia
0.10%
03-Nov-2020
02-Feb-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
1.2239
1.3693
103.37
15.50
R2
1.2239
1.3686
103.35
15.35
R1
1.2225
1.3676
103.30
15.26
PP
1.2220
1.3669
103.28
15.22
S1
1.2211
1.3659
103.23
14.55
S2
1.2206
1.3652
103.20
14.50
S3
1.2198
1.3642
103.16
13.90
Weekly Technical Analysis on GBP by Aassan Deedarun on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.