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Treasury

Daily Market Patrol

Market Patrol 14 January 2022

"Money is made by sitting, not trading "

Jesse Livermore
Indicative Selling Rates
against MUR
USD
24 Jan 2022
  • AUD
  • 31.66
  • 0.7245
  • BWP
  • 3.86
  • 0.0883
  • CAD
  • 35.08
  • 1.2457
  • CNY
  • 6.99
  • 6.2514
  • DKK
  • 6.75
  • 6.4717
  • EUR
  • 49.70
  • 1.1373
  • HKD
  • 5.70
  • 7.6639
  • INR
  • 0.60
  • 73.2675
  • JPY
  • 38.72
  • 112.8605
  • KES
  • 39.00
  • 112.0450
  • NZD
  • 29.61
  • 0.6776
  • NOK
  • 5.00
  • 8.7321
  • SGD
  • 32.85
  • 1.3302
  • ZAR
  • 2.95
  • 14.8073
  • SEK
  • 4.81
  • 9.0874
  • CHF
  • 48.16
  • 1.1020
  • GBP
  • 59.48
  • 1.3611
  • USD
  • 43.70
  • 1.0000
  • AED
  • 12.03
  • 3.6329
The Japanese yen blasted to 113.60 against the greenback as Bank of Japan starts discussion on possible rate hike.
Fundamental News

EUR/USD
The Single currency initially dropped to $1.1445 before rebounding to $1.1470 on ECB's economic bulletin release stating euro area growth is expected to pick up again strongly and risk to economic outlook are broadly balanced.

 

GBP/USD
Sterling continued to creep steadily higher at $1.3734  in the face of a softer US dollar and gains supported on the back of the BoE's 15 bps rate rise last month together with market expectations of further tightening this year.

USD/JPY
The Japanese yen blasted to 113.60 against the greenback as Bank of Japan started discussion how soon they can start telegraphing an eventual interest rate hike which could come before inflation hits 2% level target.

 

AUD/USD
The Aussie dollar rose slightly this morning to $0.7286 on better than expected data from china's trade balance. RBA is expected also to end quantitative easing this February despite omicron.

 

USD/CAD
The loonie lost ground to trade around 1.2500 against the US dollar amid retreat in WTI oil prices fails to deter CAD bulls ahead of key US retail sales.

 

USD/ZAR

South African rand advanced to 15.40 as traders interpreted a rise in US consumer price in December as insufficient to alter the Federal reserve's plan to speed up balance sheet normalisation.

 

USD/MUR
The dollar rupee climbed to  43.62(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

11.00 - Gross domestic Product - GBP

17.30 - Industrial Production - GBP

14.30 - Trade Balance - EUR

17.15 - ECB Speech from Christine Lagarde - EUR

17.30 - Retail sales - USD

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00%-0.25%
16-Mar-2020
26-Jan-2022
European Central Bank
0.00%
10-Mar-2016
03-Feb-2022
Bank of England
0.25%
16-Dec-2021
03-Feb-2022
Bank of Japan
-0.10%
28-Jan-2016
18-Jan-2022
Reserve Bank of Australia
0.10%
03-Nov-2020
05-Jan-2022
S.Africa Reserve Bank
3.50%
23-Jul-2020
27-Jan-2022
Reserve Bank of India
4.00%
22-May-2020
12-Jan-2022
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
1.1554
1.3795
115.33
15.77
R2
1.1523
1.3760
115.04
15.66
R1
1.1484
1.3731
114.82
15.48
PP
1.1428
1.3650
114.34
15.37
S1
1.1386
1.3600
113.95
15.16
S2
1.1350
1.3567
113.66
15.04
S3
1.1300
1.3540
113.30
14.86
Weekly Technical analysis by Keshav Callychurn 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.