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Treasury

Daily Market Patrol

Market Patrol 7 January 2021

Living in an ivory tower and trying to change the culture will not get you anywhere.

Mindy Grossman
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
U.S dollar fuelled by Democrats taking control of US Senate with two Georgia victories
Fundamental News

EUR/USD
The fiber hammered to $1.2265 last night, amid dollar strength as a Democrat win in the U.S. Senate election in Georgia that would clear the path for a larger fiscal stimulus package, before clawing back to losses at $1.2330.

 

GBP/USD
The cable staged brief recovery from $1.3537 to $1.3607, powered by violent clashes by Trump supporters in the U.S Capitol.

 

USD/JPY
The Japanese Yen tumbled to 103.45 against the dollar, following ADP data showing an unexpected decline in U.S. private sector jobs for the first time in eight months.

 

AUD/USD
Aussie escalated to $0.7817 although U.S. President Donald Trump escalated tensions with Beijing by signing an executive order banning U.S. transactions with eight Chinese software applications.

 

USD/ZAR
South African rand percolated at 15 against the greenback amid surging Covid-19 propagation in South Africa, with the most cases and deaths on the African continent.

 

USD/MUR
The local currency remained intact at 39.83(selling) on the FX market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:30 - GBP - Construction PMI (Dec)

14:00 - EUR - CPI (YoY)(Dec)

16:30 - EUR - ECB Monetary Policy Statement

17:30 - USD - Initial Jobless Claims

19:00 - USD - ISM Non-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
1.2444
1.3806
104.31
15.50
R2
1.2397
1.3739
103.87
15.35
R1
1.2360
1.3674
103.46
15.26
PP
1.2313
1.3607
103.02
15.22
S1
1.2277
1.3542
102.61
14.55
S2
1.2229
1.3474
102.17
14.50
S3
1.2193
1.3410
101.76
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.