Market Patrol 25 January 2021

To be a developer you have to be optimistic.

Larry Silverstein

Indicative Selling Rates
against MUR
USD

27 Dec 2024

AUD
29.97
0.6313

BWP
3.49
0.0736

CAD
33.23
1.4287

CNY
6.71
7.0796

DKK
6.73
7.0583

EUR
49.67
1.0464

HKD
6.20
7.6510

INR
0.57
83.9928

JPY
30.91
153.5604

KES
37.30
127.2707

NZD
26.92
0.5671

NOK
4.25
11.1625

SGD
35.47
1.3382

ZAR
2.61
18.1855

SEK
4.35
10.9077

CHF
53.12
1.1190

GBP
59.77
1.2590

USD
47.47
1.0000

AED
13.23
3.5890

Euro faltered to $1.2180, German IFO data eyed.

Fundamental News

EUR/USD
Euro faltered to $1.2180, amid market is eyeing for German IFO Expectations for January.

GBP/USD
The cable climbed to $1.3715 despite preliminary "flash" IHS Markit/CIPS UK Composite Purchasing Managers' Index fell more than expected to 40.6 in January.

USD/JPY
The Japanese Yen plummeted to 103.70 against the greenback as Japan’s government cuts view on private consumption for second straight month.

AUD/USD
The Aussie slipped to $0.7745 after preliminary data for December showed a larger-than-expected 4.2% drop in retail sales on Friday.

USD/ZAR
South African rand tumbled to $15.19 as China's travel restrictions pushed risk rally to fade.

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

Fundamental & Technical Data

Economic Indicators-Local Time

12:45 - EUR - ECB President Lagarde Speaks

13:00 - EUR - German Ifo Business Climate Index (Jan)

20:15 - EUR - ECB President Lagarde 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

1.2226

1.3836

104.39

15.66

1.2208

1.3787

104.14

15.46

1.2188

1.3434

103.98

15.25

1.2170

1.3685

103.73

15.13

1.2150

1.3632

103.58

15.07

1.2132

1.3583

103.33

14.93

1.2112

1.3529

103.18

14.61

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Allan Juste

Head - Forex And Derivatives

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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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