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Treasury

Daily Market Patrol

Market Patrol 21 January 2021

We must never forget that the highest appreciation is not to utter words but to live by them.

John F.Kennedy
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
U.S dollar blithered overnight as U.S President Biden triggered hopes for massive fiscal stimulus.
Fundamental News

EUR/USD
The single currency clawed back losses from $1.2075 to $1.2135 as optimism that a massive U.S. stimulus package under the new Joe Biden administration is growing. ECB monetary policy decision and euro high exchange rate are eyed for 16:45 (local time).

 

GBP/USD
Sterling popped to $1.37 following inflation data for December showed that prices in the UK picked up by more than expected in December, to a 0.6% annual rate.

 

USD/JPY
Japanese Yen rallied to 103.40 against the greenback, following Bank of Japan stayed put as expected, marginally upgrading its growth forecast for fiscal 2021.

 

AUD/USD
Australian dollar rocketed to $0.7772 buoyed by a solid rise in employment in December as strength in consumer spending and housing helped drive the jobless rate down to 6.6%.

 

USD/ZAR
South African rand jostled to 14.87 per dollar, shrugging off South African consumer inflation data that dipped to 3.1% in December from 3.2% in November. Attention turns to the South African Reserve Bank's interest rate decision today.

 

USD/MUR
The dollar-rupee faltered at 39.95(selling) following Bank of Mauritius' intervention on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:45 - EUR - Deposit Facility Rate (Jan)

16:45 - EUR - ECB Interest Rate Decision

17:30 - USD - Building Permits (Dec)

17:30 - USD - Initial Jobless Claims

17:30 - USD - Philadelphia Fed Manufacturing Index (Jan)

17:30 - EUR - ECB Press Conference

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
1.2233
1.3806
104.31
15.66
R2
1.2196
1.3762
104.12
15.46
R1
1.2151
1.3710
103.82
15.25
PP
1.2114
1.3667
103.63
15.13
S1
1.2070
1.3615
103.33
15.07
S2
1.2033
1.3571
103.15
14.93
S3
1.1989
1.3519
102.85
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.