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Treasury

Daily Market Patrol

Market Patrol 12 January 2021

Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both

Alexander Elder
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 extended losses to $1.2145 as the prospect of massive fiscal stimulus pushed U.S. yields higher.
Fundamental News

EUR/USD
The Shared currency extended losses to $1.2145 as the prospect of massive fiscal stimulus pushed U.S. yields higher.

 

GBP/USD
The Pound sterling slipped to $1.3535 on a recovering U.S dollar, while investors weighed up the risk of the Bank of England introducing negative rates.

 

USD/JPY
The Japanese Yen dropped to 104.25 against the U.S dollar despite Japan's Finance Minister Taro Aso said the government will provide JPY400,000 to small firms hit hard due to the coronavirus pandemic.

 

AUD/USD
The Aussie dollar ticked up to $0.7702 considering a lack of major economic events.

 

USD/ZAR
The rand hit a two-month low at 15.56 against the U.S dollar on fears of tighter domestic coronavirus restrictions weighed on the South African currency.

 

USD/MUR
The pair dropped to 39.70(selling) on the local market following intervention from the central bank.

Fundamental & Technical Data
Economic Indicators-Local Time

19:00 - USD - JOLTs Job Openings (Nov)

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
16.10
R2
1.2385
1.3678
104.59
15.85
R1
1.2325
1.3622
104.22
15.66
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.