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Treasury

Daily Market Patrol

Market Patrol 27 January 2021

The hard work in trading comes in preparation. The actual process of trading, however, should be effortless.

Jack Schwager
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
The Shared currency gained to $1.2162 ahead of Fed policy decision
Fundamental News

EUR/USD
The Shared currency rose to $1.2161 as markets wait on comments from Federal Reserve Chair Jerome Powell, who is likely to renew a commitment to ultra-easy policy.

 

GBP/USD
The Cable rocketed to $1.3736, benefitting from broad US dollar weakness rather than any GBP specific strength or positive UK fundamental developments.

 

USD/JPY
The Japanese Yen meandered at 103.69 against the U.S dollar despite comments from The Bank of Japan's Governor Haruhiko Kuroda that the central bank will mull exit from easing policy when inflation nears 2%.

 

AUD/USD
The Aussie dollar climbed to $0.7744 with Australian markets returning from a holiday and on a better-than-expected inflation figures earlier today.

 

USD/ZAR
South Africa's rand firmed at 15.05 against the greenback on Tuesday on a return of risk appetite globally as investors continued to weigh the benefits of fiscal stimulus and coronavirus vaccine rollouts over concerns about second and third wave infections.

 

USD/MUR
The dollar-rupee stayed put at 39.95(selling) per dollar on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - Core Durable Goods Orders (MoM) (Dec)

19:30 - USD - Crude Oil Inventories

23:00 - USD - Interest Rate Decision

23:00 - USD - FOMC Statement

23:30 - USD - FOMC 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
1.2257
1.391+7
104.05
15.66
R2
1.2217
1.3831
103.94
15.46
R1
1.2189
1.3783
103.78
15.25
PP
1.2149
1.3697
103.67
15.13
S1
1.2121
1.3649
103.51
15.07
S2
1.2081
1.3563
103.40
14.93
S3
1.2053
1.3512
103.24
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.