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Treasury

Daily Market Patrol

Market Patrol 8 January 2021

I am certain of nothing. I'm not even sure I'm certain of that. 

Anthony Bourdain
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 greenback rallied against a basket of major currencies on risk aversion.
Fundamental News

EUR/USD
The single currency plummeted to $1.2260 as Eurozone Core Production Index for December soured to -0.3%.

 

GBP/USD
Sterling plunged to $1.3537 amid speculation swirled that the Bank of England could bring in sub-zero benchmark interest rates earlier than expected to counter the economic hit from a third coronavirus national lockdown.

 

USD/JPY
The Japanese Yen hammered to 104 per dollar on escalating Sino-American tensions in the wake of the US stock indexes delisting China’s telecom companies, in response to their alleged links with the Chinese military.

 

AUD/USD
The Aussie dollar nosedived to $0.7723 after Australian Prime Minister Morrison expressed concerns over the worsening covid situation in the state of Queensland while announcing measures to curb the virus outbreak.

 

USD/ZAR
The South African rand cascaded to 15.40 following South Africa's health ministry reported more than 21,000 new infections late on Wednesday, taking confirmed COVID-19 cases to date to 1.15 million, the most in Africa.

 

USD/MUR
The pair stayed put at 39.83(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - Nonfarm Payrolls (Dec)

17:30 - USD - Unemployment Rate (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
1.2425
1.3723
105.22
15.85
R2
1.2385
1.3678
104.59
15.60
R1
1.2325
1.3622
104.22
15.48
PP
1.2285
1.3577
103.58
15.37
S1
1.2226
1.3521
103.21
15.10
S2
1.2186
1.3476
102.58
14.87
S3
1.2126
1.3420
102.20
14.50
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.