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Treasury

Daily Market Patrol

Market Patrol 18 January 2021

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Cordia Harrington
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
USD/MUR soared by 25 cents in the wake of Bank of Mauritius' intervention on the domestic market.
Fundamental News

EUR/USD
The fiber hammered to $1.2075 amid risk-off mood with surging covid cases in Italy, unabated by Friday data that showed U.S. retail sales fell for a third straight month in December.

 

GBP/USD
The cable crushed to $1.3568, soured by the fall in U.K GDP by 2.6% in November from October and on fears of virus variants and fresh lockdown restrictions.

 

USD/JPY
The Japanese Yen tread water around 103.75 per dollar, stretched by expectation Janet Yellen to take over the U.S. Treasury and market-set currency rates on Tuesday.

 

AUD/USD
The Aussie plunged to $0.7685, although China's Gross domestic product grew 2.3% and Industrial production printed 7.3% in 2020.

 

USD/ZAR
South Africa's rand weakened to 15.26 against the U.S. dollar, as currency markets turned risk-averse to the benefit of the greenback. Attention will turn to the South African Reserve Bank's (SARB) first monetary policy meeting of 2021 on Thursday.

 

USD/MUR
The dollar-rupee soared by 25 cents to 39.95(selling) in the wake of Bank of Mauritius' intervention on Friday.

Fundamental & Technical Data
Economic Indicators-Local Time
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
1.2225
1.3790
104.25
15.66
R2
1.2195
1.3744
104.07
15.46
R1
1.21
1.3664
103.97
15.25
PP
1.2107
1.3618
103.79
15.13
S1
1.2048
1.3538
103.51
15.07
S2
1.2018
1.3492
103.51
14.93
S3
1.1960
1.3412
103.41
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.