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Treasury

Daily Market Patrol

Market Patrol 13 January 2021

Sometimes, carrying on, just carrying on, is the superhuman achievement.

Albert Camus
Indicative Selling Rates
against MUR
USD
15 Jan 2021
  • AUD
  • 31.12
  • 0.7789
  • BWP
  • 3.67
  • 0.0918
  • CAD
  • 31.69
  • 1.2606
  • CNY
  • 6.21
  • 6.4366
  • DKK
  • 6.57
  • 6.0824
  • EUR
  • 48.62
  • 1.2170
  • HKD
  • 5.18
  • 7.7084
  • INR
  • 0.55
  • 72.5058
  • JPY
  • 38.71
  • 103.2040
  • KES
  • 36.62
  • 109.0988
  • NZD
  • 28.93
  • 0.7241
  • NOK
  • 4.74
  • 8.4307
  • SGD
  • 30.30
  • 1.3186
  • ZAR
  • 2.67
  • 14.9761
  • SEK
  • 4.84
  • 8.2618
  • CHF
  • 45.17
  • 1.1306
  • GBP
  • 54.73
  • 1.3700
  • USD
  • 39.95
  • 1.0000
  • AED
  • 10.95
  • 3.6494
U.S dollar nursed losses amid virus woes probe risk-on mood.
Fundamental News

EUR/USD
The single currency popped from $1.2136 to $1.2208 on broad dollar weakness amid US President-elect is expected to announce additional fiscal stimulus on Thursday.

 

GBP/USD
The cable vaulted to $1.3675 on comments from Bank of England Governor Bailey on Tuesday that the viability of negative interest rates dampened some expectations of sub-zero rates in Britain.

 

USD/JPY

Japanese Yen rocketed to 103.60 per greenback despite reports that the Japanese government is mulling plans to expand a state of emergency it declared for the Tokyo area to seven additional prefectures on Wednesday.

 

AUD/USD
The Aussie spiked to $0.7760 as a record high covid-led deaths over world probes risk-on mood.

 

USD/ZAR
South African rand rocketed to 15.23 against the dollar following South Africa had secured 20 million doses of COVID-19 vaccines, which would be delivered mainly in the first half of the year.

 

USD/MUR
The dollar-rupee stayed put at 39.70(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - ECB President Lagarde Speaks

17:30 - USD - Core CPI (MoM)(Dec)

19:30 - USD - Crude Oil Inventories

 

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
1.2301
1.3889
104.75
15.66
R2
1.2255
1.3779
104.54
15.46
R1
1.2230
1.3722
104.14
15.25
PP
1.2184
1.3612
103.93
15.13
S1
1.2159
1.3555
103.53
15.07
S2
1.2113
1.3445
103.32
14.93
S3
1.2088
1.3388
102.92
14.61
Weekly Market Update on Radio One by Reshma Peerun Rajwani
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.