Market Patrol 26 January 2021

The market does not know you exist. You can do nothing to influence it. You can only control your behavior

Alexander Elder

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

The Shared currency knocked to $1.2130 following a slump in German business sentiment

Fundamental News

EUR/USD
The Shared currency knocked to $1.2130 following a slump in German business sentiment in January data showed yesterday.

GBP/USD
The Cable turned south to $1.3651 as a set of figures showed Britain's third national lockdown prompted the sharpest drop in business activity since May, while retail sales remained weak in December.

USD/JPY
The Japanese Yen steadied at 103.74 against the U.S dollar as rising coronavirus cases and doubts over the speed and size of U.S. stimulus tempered financial markets' upbeat mood.

AUD/USD
The Aussie dollar extended losses to $0.7688 on a closed market in Australia due to holiday.

USD/ZAR
South Africa's rand weakened to 15.30 against the greenback, giving back early gains in volatile trade with sentiment swinging against riskier currencies, as the reality of a slow rollout of coronavirus vaccines dampened demand.

USD/MUR
The Mauritian rupee is unchanged at 39.95(selling) per dollar on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - Claimant Count Change (Dec)

11:00 - GBP - Average Earnings Index + Bonus (Nov)

19:00 - USD - CB Consumer Confidence (Jan)

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

1.2244

1.3792

104.17

15.66

1.2214

1.3758

104.06

15.46

1.2177

1.3717

103.91

15.25

1.2147

1.3683

103.80

15.13

1.2110

1.3642

103.65

15.07

1.2080

1.3608

103.54

14.93

1.2043

1.3567

103.39

14.61

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
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.

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