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Treasury

Daily Market Patrol

Market Patrol 15 January 2021

Opportunities don't happen. You create them.

Chris Grosser
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
Dovish comments from Fed’s Powell capped U.S dollar gains
Fundamental News

EUR/USD
The Shared currency recovered from a low of $1.2109 to $1.2140 after Federal Reserve Chair Jerome Powell struck a dovish tone, saying the U.S. central bank is not raising interest rates anytime soon and rejecting suggestions the Fed might start reducing its bond purchases in the near term.

 

GBP/USD
The Pound Sterling extended gains to $1.3670 on pushed-back expectations of negative interest rates and hopes for a quicker economic recovery in Britain due to its vaccination drive buoyed the currency.

 

USD/JPY
The Japanese Yen rose to 103.80 against the greenback following U.S Initial Jobless claims came below expectations.

 

AUD/USD
The Aussie dollar traded flat at $0.7753 following the US President-elect Joe Biden's stimulus announcement was in line with expectations earlier today.

 

USD/ZAR
South African rand gained to 15.10 against the greenback on a broad U.S dollar weakness and ahead of South Africa's PPI data due next week.

 

USD/MUR
The dollar-rupee rose by 25 cents to 39.95(selling) on the domestic market following the central bank's intervention.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - GDP (MoM)

11:00 - GBP - Monthly GDP 3M/3M Change

17:30 - USD - Core Retail Sales (MoM) (Dec)

17:30 - USD - Retail Sales (MoM) (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
1.2252
1.3817
104.77
15.66
R2
1.2215
1.3764
104.48
15.46
R1
1.2185
1.3724
104.14
15.25
PP
1.2148
1.3671
103.85
15.13
S1
1.2118
1.3631
103.51
15.07
S2
1.2081
1.3578
103.22
14.93
S3
1.2051
1.3538
102.88
14.61
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.