Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 6 January 2021

If you are not investing, you're doing it wrong.

Warren Buffet
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 U.S dollar receded across the board soured by the upcoming Georgia election results
Fundamental News

EUR/USD
The shared currency recovered from $1.2325 to $1.23 with the risk sentiment weakening on increased expectations for a Democrat-controlled US Senate.

 

GBP/USD
Sterling mounted to $1.3612 on Brexit deal optimism. Second readings of UK Services PMI for December and speech from BOE’s Bailey at 18:00 local time with increasing odds of rate cuts, are highly anticipated.

 

USD/JPY
The Japanese Yen spiked to 102.57 against the U.S dollar as plan to rethink over the delisting of three stocks from Beijing by US President Trump’s executive orders and the New York Stock Exchange’s triggered risk-off mood.



AUD/USD
The Australian dollar pierced $0.7775 on speculation of a quick economic recovery in 2021 once coronavirus vaccinations are widely distributed.

 

USD/ZAR
South African rand nosedived to 15.07 against the greenback on rumours that South Africa could announce a higher level of lockdown as the country wrestles with an increasing number of coronavirus cases.

 

USD/MUR
Mauritian rupee stayed unchanged at 39.83(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:30 - GBP - Composite PMI(Dec)

13:30 - GBP - Services PMI(Dec)

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

18:00 - GBP - BoE Gov Bailey Speaks

19:30 - USD - Crude Oil Inventories

23:00 - USD - FOMC Meeting Minutes

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
1.2383
1.3749
103.64
15.50
R2
1.2344
1.3696
103.42
15.35
R1
1.2319
1.3661
103.06
15.26
PP
1.2280
1.3608
102.83
15.22
S1
1.2255
1.3573
102.47
14.55
S2
1.2217
1.3520
102.25
14.50
S3
1.2191
1.3485
101.89
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.