Market Patrol 13 January 2021

Sometimes, carrying on, just carrying on, is the superhuman achievement.

Albert Camus

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

U.S dollar nursed losses amid virus woes probe risk-on mood.

Fundamental News

EUR/USD
The single currency popped from $1.2136 to $1.2208 on broad dollar weakness amid US President-elect is expected to announce additional fiscal stimulus on Thursday.

GBP/USD
The cable vaulted to $1.3675 on comments from Bank of England Governor Bailey on Tuesday that the viability of negative interest rates dampened some expectations of sub-zero rates in Britain.

USD/JPY

Japanese Yen rocketed to 103.60 per greenback despite reports that the Japanese government is mulling plans to expand a state of emergency it declared for the Tokyo area to seven additional prefectures on Wednesday.

AUD/USD
The Aussie spiked to $0.7760 as a record high covid-led deaths over world probes risk-on mood.

USD/ZAR
South African rand rocketed to 15.23 against the dollar following South Africa had secured 20 million doses of COVID-19 vaccines, which would be delivered mainly in the first half of the year.

USD/MUR
The dollar-rupee stayed put at 39.70(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

13:00 - EUR - ECB President Lagarde Speaks

17:30 - USD - Core CPI (MoM)(Dec)

19:30 - USD - Crude Oil Inventories

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

1.2301

1.3889

104.75

15.66

1.2255

1.3779

104.54

15.46

1.2230

1.3722

104.14

15.25

1.2184

1.3612

103.93

15.13

1.2159

1.3555

103.53

15.07

1.2113

1.3445

103.32

14.93

1.2088

1.3388

102.92

14.61

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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.

Treasury

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