Market Patrol 22 January 2021

There is always light, if only we're brave enough to see it. If only we're brave enough to be it.

Amanda Gorman

Indicative Selling Rates
against MUR
USD

30 Jan 2025

AUD
29.68
0.6329

BWP
3.44
0.0734

CAD
32.81
1.4293

CNY
6.67
7.0332

DKK
6.65
7.0497

EUR
49.14
1.0479

HKD
6.11
7.6775

INR
0.55
85.1463

JPY
31.14
150.5795

KES
36.85
127.2496

NZD
26.77
0.5708

NOK
4.25
11.0439

SGD
35.31
1.3279

ZAR
2.62
17.8741

SEK
4.33
10.8361

CHF
52.05
1.1101

GBP
58.67
1.2513

USD
46.89
1.0000

AED
13.07
3.5881

The U.S dollar battered amid refreshed bets on pandemic recovery.

Fundamental News

EUR/USD
Euro jittered to $1.2170 as ECB's lack of direct criticism of EUR's strength left the door open for further rally.

GBP/USD
The cable pierced to $1.37, supported by Britain's lead in vaccinations, along with lowered expectations of negative interest rates from the Bank of England.

USD/JPY
Japanese Yen plunged to 103.60 against the dollar following local Purchasing Manufacturing Index for December suggested short-term weakness.

AUD/USD
Australian dollar slipped to $0.7743 on Friday after disappointing local retail sales data for December.

USD/ZAR
South African rand cascaded to 15.01 per dollar following The South African Reserve Bank kept the repo rate at 3.5% in a close decision.

USD/MUR

The dollar-rupee stammered at 39.95(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - Retails Sales (MoM)(Dec)

12:30 - EUR - German Manufacturing PMI (Jan)

13:30 - GBP - Composite PMI (Jan)

13:30 - GBP - Manufacturing PMI (Jan)

13:30 - GBP - Services PMI (Jan)

19:00 - USD - Existing Home Sales (Dec)

20:00 - 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

1.2262

1.3866

104.01

15.66

1.2218

1.3806

103.84

15.46

1.2193

1.3772

103.67

15.25

1.2149

1.3712

103.50

15.13

1.2125

1.3678

103.33

15.07

1.2080

1.3618

103.16

14.93

1.2056

1.3584

102.99

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.

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