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Treasury

Daily Market Patrol

Market Patrol 14 January 2021

Things may come to those who wait, but only the things left by those who hustle

Abraham Lincoln
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 extends rebound as investors await U.S. stimulus details
Fundamental News

EUR/USD
The Single currency meandered at $1.2153 on higher U.S. yields, as President-elect Joe Biden prepared to outline his plans for massive fiscal stimulus.

 

GBP/USD
The Pound sterling lost momentum to $1.3637 ahead of U.S data followed by Powell and Biden’s speech amid UK covid updates.

 

USD/JPY
The Japanese Yen dropped to 104.03 against the U.S dollar despite Japan's PPI data came above expectations earlier today.

 

AUD/USD
The Aussie dollar held on gains at 0.7760 as China's export growth beat estimates.

 

USD/ZAR
The South African rand steadied at 15.25 against the greenback, after a recovery rally in the previous session, and as the dollar rebounded and U.S. yields held near recent highs.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - EUR - German GDP (QoQ)

16:30 - EUR - ECB Monetary Policy Statement

17:30 - USD - Initial Jobless Claims

21:30 - Fed Chair Powell 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
1.2301
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 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.