Market Patrol 18 January 2021

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Indicative Selling Rates
against MUR
USD

13 Sep 2024

AUD
31.67
0.6825

BWP
3.54
0.0763

CAD
34.47
1.3462

CNY
6.73
6.8936

DKK
6.99
6.6344

EUR
51.70
1.1141

HKD
6.04
7.6821

INR
0.56
82.5855

JPY
33.54
138.3498

KES
36.67
126.5504

NZD
28.94
0.6238

NOK
4.43
10.4807

SGD
36.28
1.2789

ZAR
2.71
17.1267

SEK
4.58
10.1253

CHF
54.95
1.1843

GBP
61.31
1.3214

USD
46.40
1.0000

AED
12.93
3.5875

USD/MUR soared by 25 cents in the wake of Bank of Mauritius' intervention on the domestic market.

Fundamental News

EUR/USD
The fiber hammered to $1.2075 amid risk-off mood with surging covid cases in Italy, unabated by Friday data that showed U.S. retail sales fell for a third straight month in December.

GBP/USD
The cable crushed to $1.3568, soured by the fall in U.K GDP by 2.6% in November from October and on fears of virus variants and fresh lockdown restrictions.

USD/JPY
The Japanese Yen tread water around 103.75 per dollar, stretched by expectation Janet Yellen to take over the U.S. Treasury and market-set currency rates on Tuesday.

AUD/USD
The Aussie plunged to $0.7685, although China's Gross domestic product grew 2.3% and Industrial production printed 7.3% in 2020.

USD/ZAR
South Africa's rand weakened to 15.26 against the U.S. dollar, as currency markets turned risk-averse to the benefit of the greenback. Attention will turn to the South African Reserve Bank's (SARB) first monetary policy meeting of 2021 on Thursday.

USD/MUR
The dollar-rupee soared by 25 cents to 39.95(selling) in the wake of Bank of Mauritius' intervention on Friday.

Fundamental & Technical Data

Economic Indicators-Local Time

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

1.2225

1.3790

104.25

15.66

1.2195

1.3744

104.07

15.46

1.21

1.3664

103.97

15.25

1.2107

1.3618

103.79

15.13

1.2048

1.3538

103.51

15.07

1.2018

1.3492

103.51

14.93

1.1960

1.3412

103.41

14.61

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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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