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Treasury

Daily Market Patrol

Market Patrol 22 January 2021

There is always light, if only we're brave enough to see it. If only we're brave enough to be it. 

Amanda Gorman
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
The U.S dollar battered amid refreshed bets on pandemic recovery.
Fundamental News

EUR/USD
Euro jittered to $1.2170 as ECB's lack of direct criticism of EUR's strength left the door open for further rally.

 

GBP/USD
The cable pierced to $1.37, supported by Britain's lead in vaccinations, along with lowered expectations of negative interest rates from the Bank of England.

 

USD/JPY
Japanese Yen plunged to 103.60 against the dollar following local Purchasing Manufacturing Index for December suggested short-term weakness.

 

AUD/USD
Australian dollar slipped to $0.7743 on Friday after disappointing local retail sales data for December.

 

USD/ZAR
South African rand cascaded to 15.01 per dollar following The South African Reserve Bank kept the repo rate at 3.5% in a close decision.

 

USD/MUR

The dollar-rupee stammered at 39.95(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Retails Sales (MoM)(Dec)

12:30 - EUR - German Manufacturing PMI (Jan)

13:30 - GBP - Composite PMI (Jan)

13:30 - GBP - Manufacturing PMI (Jan)

13:30 - GBP - Services PMI (Jan)

19:00 - USD - Existing Home Sales (Dec)

20:00 - 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
1.2262
1.3866
104.01
15.66
R2
1.2218
1.3806
103.84
15.46
R1
1.2193
1.3772
103.67
15.25
PP
1.2149
1.3712
103.50
15.13
S1
1.2125
1.3678
103.33
15.07
S2
1.2080
1.3618
103.16
14.93
S3
1.2056
1.3584
102.99
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.