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Treasury

Daily Market Patrol

Market Patrol 29 January 2021

Do more of what works and less of what doesn't

Steve Clark
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 dollar-rupee spiked by 10 cents to 40.05 (selling) after Bank of Mauritius popped into the domestic market.
Fundamental News

EUR/USD
The Single currency dropped to $1.2100 on European Union, and Drugmakers spat over delays to Covid-19 vaccines supply, market eyeing  German GDP data scheduled later today.

 

GBP/USD 
The Cable stabilized near $1.3700 on Britain's relatively high vaccination rate, which supported the pound.

 

USD/JPY
The Japanese Yen flipped into negative territory to  104.46 against the U.S dollar as risk-off mood favoured demand for the safe-haven U.S dollar.

 

AUD/USD
The Aussie dollar drizzled to $0.7648 undermined by a sharp fall in iron ore prices, as Beijing talked about restraining steel production this year.

 

USD/ZAR
South African rand descended to 15.23 against the greenback after the International Monetary Fund (IMF) said that coronavirus has hit South Africa's already ailing economy hard and power cuts by state-owned utility Eskom will likely make things worse.

 

USD/MUR
The dollar-rupee spiked by 10 cents to 40.05 (selling) after Bank of Mauritius popped into the domestic market on Wednesday and sold a total amount of USD25.0 million.

Fundamental & Technical Data
Economic Indicators-Local Time

12:55 - EUR - German Unemployment Change (Jan)

13:00 - EUR - German GDP (QoQ) (Q4)

17:30 - CAD - GDP (MoM) (Nov)

19:00 - USD - Pending Home 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
1.2210
1.3886
104.84
15.66
R2
1.2176
1.3816
104.65
15.46
R1
1.2149
1.3770
104.45
15.25
PP
1.2115
1.3700
104.26
15.13
S1
1.2088
1.3654
104.06
15.07
S2
1.2054
1.3584
103.87
14.93
S3
1.2027
1.3538
103.67
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.