Market Patrol 4 January 2021

To advance, stand fast under all circumstances.

B.C. Forbes

Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

The shared currency propelled to $1.2273 amid broad dollar weakness on expectation of additional U.S fiscal stimulus.

Fundamental News

EUR/USD
The shared currency propelled from $1.2122 to $1.2273 as expectations of additional fiscal stimulus and loose Federal Reserve monetary policies lead investors to shun the greenback.

GBP/USD
The cable held back gains at $1.3676 after British Prime Minister Boris Johnson said on Sunday tougher lockdown restrictions were probably on the way as Covid-19 cases keep rising.

USD/JPY
The safe-haven Japanese Yen jostled to 103 against the dollar on reports that a state emergency may be declared for as early as this week, as the Japanese capital grapples with record levels of infection.

AUD/USD
The Australian dollar started the new year with gains at $0.7710 buoyed by Australian home prices, climbing for a third straight month in December.

USD/ZAR
The South African rand steadied at 14.62 per dollar amid market is eyeing for South Africa Standard Bank PMI for December.

USD/MUR
The dollar-rupee stayed afloat at 39.83 on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

12:55 - EUR - German Manufacturing PMI (Dec)

13:30 - GBP - Manufacturing PMI (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

1.2239

1.3693

103.37

15.50

1.2239

1.3686

103.35

15.35

1.2225

1.3676

103.30

15.26

1.2220

1.3669

103.28

15.22

1.2211

1.3659

103.23

14.55

1.2206

1.3652

103.20

14.50

1.2198

1.3642

103.16

13.90

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Head - Forex And Derivatives

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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.

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