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Treasury

Daily Market Patrol

Market Patrol 11 January 2021

Do more of what works and less of what doesn't

Steve Clark
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 Greenback boosted by U.S. Yields and hopes for more stimulus measures
Fundamental News

EUR/USD
The Shared currency slipped to $1.2177 as sharp gains in U.S. yields and hopes for more stimulus to boost the world's largest economy prompted some investors to temper bearish bets.

 

GBP/USD
The Cable extended losses to $1.3496, as data showed traders were beginning to unwind some of their bullish bets on growing expectations that the Bank of England may soon cut rates into negative territory to support the recovery.

 

USD/JPY
The Japanese yen dropped to 104.19 against the U.S dollar on a better than expected U.S unemployment data on Friday and a closed Japanese market due to holiday today.

 

AUD/USD
The Aussie dollar trickled to $0.7697, ignoring better than expected Australian Retail Sales data and China's inflation numbers.

 

USD/ZAR
South Africa's rand firmed at 15.40 against the greenback, recovering some ground after a torrid week in which the country recorded a peak in daily COVID-19 infections and doubts over its vaccine supplies came to the fore.

 

USD/MUR
The pair idled at 39.83(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

21:00 - USD - FOMC Member Bostic Speaks

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
1.2425
1.3723
105.22
15.85
R2
1.2385
1.3678
104.59
15.60
R1
1.2325
1.3622
104.22
15.48
PP
1.2285
1.3577
103.58
15.37
S1
1.2226
1.3521
103.21
15.10
S2
1.2186
1.3476
102.58
14.87
S3
1.2126
1.3420
102.20
14.50
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.