Market Patrol 14 January 2021

Things may come to those who wait, but only the things left by those who hustle

Abraham Lincoln

Indicative Selling Rates
against MUR
USD

24 Apr 2024

AUD
30.84
0.6580

BWP
3.43
0.0732

CAD
34.58
1.3552

CNY
6.56
7.1461

DKK
6.83
6.8651

EUR
50.42
1.0758

HKD
6.07
7.7178

INR
0.57
81.9769

JPY
30.62
153.0506

KES
35.48
132.1115

NZD
28.11
0.5997

NOK
4.40
10.6625

SGD
34.83
1.3457

ZAR
2.54
18.4847

SEK
4.40
10.6565

CHF
51.73
1.1037

GBP
58.66
1.2515

USD
46.87
1.0000

AED
12.96
3.6156

U.S dollar extends rebound as investors await U.S. stimulus details

Fundamental News

EUR/USD
The Single currency meandered at $1.2153 on higher U.S. yields, as President-elect Joe Biden prepared to outline his plans for massive fiscal stimulus.

GBP/USD
The Pound sterling lost momentum to $1.3637 ahead of U.S data followed by Powell and Biden’s speech amid UK covid updates.

USD/JPY
The Japanese Yen dropped to 104.03 against the U.S dollar despite Japan's PPI data came above expectations earlier today.

AUD/USD
The Aussie dollar held on gains at 0.7760 as China's export growth beat estimates.

USD/ZAR
The South African rand steadied at 15.25 against the greenback, after a recovery rally in the previous session, and as the dollar rebounded and U.S. yields held near recent highs.

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

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - EUR - German GDP (QoQ)

16:30 - EUR - ECB Monetary Policy Statement

17:30 - USD - Initial Jobless Claims

21:30 - Fed Chair Powell Speaks

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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Head – Treasury Sales

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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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