Market Patrol 19 January 2021

Life's most persistent and urgent question is, 'What are you doing for others?'

Martin Luther King

Indicative Selling Rates
against MUR
USD

14 Jan 2025

AUD
29.84
0.6283

BWP
3.42
0.0721

CAD
33.31
1.4257

CNY
6.68
7.1110

DKK
6.63
7.1676

EUR
48.93
1.0303

HKD
6.19
7.6706

INR
0.56
85.1823

JPY
30.95
153.4197

KES
37.24
127.5148

NZD
26.88
0.5661

NOK
4.25
11.1714

SGD
35.23
1.3479

ZAR
2.60
18.2991

SEK
4.29
11.0790

CHF
52.19
1.0990

GBP
58.28
1.2272

USD
47.49
1.0000

AED
13.23
3.5894

Sterling buoyed on House of Commons votes today, Yellen's testimony eyed.

Fundamental News

EUR/USD
the single currency vaulted to $1.2092 after Eurozone finance ministers renewed push for fiscal support for their economies, to boost the post-pandemic recovery plans.

GBP/USD
Sterling spiked to $1.36, buoyed by hopes that an alternate Brexit deal reaches the House of Commons for revoting today.

USD/JPY
The Japanese Yen slammed to 104 against the dollar on expectations U.S. monetary policy would stay ultra-loose and on hopes for a post-pandemic global recovery.

AUD/USD
Aussie rallied to $0.7707, benefitting from upbeat Australian housing data and risk-on mood ahead of U.S. Treasury Secretary nominee Janet Yellen testimony at Capitol Hill today.

USD/ZAR
South African spiked to 15.12 per dollar despite state-power utility Eskom on Monday implemented scheduled power cuts for a fifth consecutive day after a loss of generation capacity.

USD/MUR
The dollar-rupee faltered at 39.95(selling) on the domestic market.

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

1.2125

1.3708

104.15

15.66

1.2106

1.3657

104.04

15.46

1.2091

1.3622

103.85

15.25

1.2072

1.3571

103.75

15.13

1.2058

1.3535

103.56

15.07

1.2039

1.3485

103.45

14.93

1.2024

1.3449

103.27

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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