Market Patrol 5 January 2021

Price is what you pay. Value is what you get.

Warren Buffet

Indicative Selling Rates
against MUR
USD

18 Apr 2024

AUD
30.55
0.6504

BWP
3.46
0.0738

CAD
34.43
1.3642

CNY
6.58
7.1369

DKK
6.82
6.8835

EUR
50.41
1.0732

HKD
6.09
7.7142

INR
0.57
82.2069

JPY
30.79
152.5363

KES
36.08
130.1709

NZD
28.05
0.5972

NOK
4.37
10.7550

SGD
34.90
1.3459

ZAR
2.55
18.3894

SEK
4.36
10.7728

CHF
51.95
1.1061

GBP
58.86
1.2531

USD
46.97
1.0000

AED
12.99
3.6158

The cable slammed to $1.36 crushed by tighter UK lockdown measures.

Fundamental News

EUR/USD
The single currency percolated around $1.2268 amid uncertainty about U.S. runoff elections in Georgia, determining the control of the chamber. Focus shifts to US ISM PMI and Georgi election.

GBP/USD
The cable suffered a hammer blow to $1.3596 as warnings of tighter UK lockdown measures to try and slow a fast-spreading coronavirus variant outweighed the relief over the last-minute Brexit trade deal.

USD/JPY
The Japanese Yen tread water at 103 against the greenback on comments from Japan’s Chief Cabinet Secretary Katsunobu Kato on Tuesday stating that the government is working towards making a decision on announcing a state of emergency this Thursday.

AUD/USD
The Australian dollar popped to $0.77 powered by vaccine-fuelled recovery of the country's economy.

USD/ZAR
The South African rand retreated from 14.50 to 14.65 per dollar, despite bullish global sentiment driven by hopes for an economic revival.

USD/MUR
The dollar-rupee stayed put at 39.83(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

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

19:00 - USD - ISM 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

1.2375

1.3830

104.01

15.50

1.2343

1.3767

103.66

15.35

1.2296

1.3668

103.40

15.26

1.2264

1.3605

103.06

15.22

1.2217

1.3505

102.80

14.55

1.2185

1.3442

102.45

14.50

1.2138

1.3343

102.19

13.90

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Allan Juste

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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