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Treasury

Daily Market Patrol

Market Patrol 20 January 2022
David Sikhosana
Indicative Selling Rates
against MUR
USD
20 Dec 2024
  • AUD
  • 30.10
  • 0.6322
  • BWP
  • 3.54
  • 0.0745
  • CAD
  • 33.29
  • 1.4301
  • CNY
  • 6.72
  • 7.0815
  • DKK
  • 6.71
  • 7.0904
  • EUR
  • 49.58
  • 1.0414
  • HKD
  • 6.22
  • 7.6568
  • INR
  • 0.57
  • 83.7507
  • JPY
  • 31.08
  • 153.1735
  • KES
  • 37.41
  • 127.2757
  • NZD
  • 27.03
  • 0.5677
  • NOK
  • 4.24
  • 11.2216
  • SGD
  • 35.54
  • 1.3396
  • ZAR
  • 2.68
  • 17.7715
  • SEK
  • 4.37
  • 10.8960
  • CHF
  • 53.34
  • 1.1203
  • GBP
  • 59.72
  • 1.2543
  • USD
  • 47.61
  • 1.0000
  • AED
  • 13.26
  • 3.5895
The Shared currency boosted on rising German Bund yields.
Fundamental News

EUR/USD
The Shared currency took the bid to $1.1347 on a reduction in the spread between the U.S. Treasury yields and German Bund yields. 10-year Bund yields rose above zero for the first time since May 2019. Today, markets are waiting for the ECB Meeting Accounts for clues on monetary policy consolidation amid EU inflation data eyed.

 

GBP/USD
The Cable edged up to $1.3622 on expectations that the Bank of England may be forced to hike rates again in February to tackle surging inflation.

 

USD/JPY
The Japanese yen trimmed back early gains to 114.47 versus the greenback as market sentiment worsened after U.S. President Joe Biden renewed hopes of faster monetary policy normalization by the Federal Reserve.

 

AUD/USD
The Aussie dollar shot up to $0.7230 following December's upbeat Australian employment data and rising minerals prices.

 

USD/CAD
The Loonie extended gains to 1.2497 against the U.S dollar, supported by higher Canadian inflation figures.

 

USD/ZAR
The South African rand strengthened to 15.32 per U.S dollar as December's local inflation figures came in higher than expected, bolstering the case for the central bank to raise interest rates next week.

 

USD/MUR
The dollar-rupee parked at 43.70 (Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - CPI (YoY)(Dec)

16:30 - EUR - ECB Publishes Account of Monetary Policy Meeting

17:30 - USD - Philadelphia Fed Manufacturing Index (Jan)

17:30 - USD - Initial Jobless Claims

19:00 - USD - Existing Home Sales

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
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
01-Feb-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
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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
1.1399
1.3707
115.25
15.77
R2
1.1378
1.3678
115.02
15.66
R1
1.1361
1.3646
114.67
15.48
PP
1.1340
1.3617
114.44
15.37
S1
1.1323
1.3585
114.09
15.16
S2
1.1302
1.3556
113.86
15.04
S3
1.1285
1.3524
113.51
14.86
Weekly Market Update by Reshma Peerun Rajwani
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.