Market Patrol 29 January 2021

Do more of what works and less of what doesn't

Steve Clark

Indicative Selling Rates
against MUR
USD

26 Dec 2024

AUD
30.13
0.6344

BWP
3.49
0.0735

CAD
33.37
1.4235

CNY
6.71
7.0813

DKK
6.72
7.0673

EUR
49.65
1.0453

HKD
6.21
7.6549

INR
0.57
83.8823

JPY
30.98
153.3162

KES
37.32
127.2718

NZD
27.11
0.5707

NOK
4.28
11.1070

SGD
35.54
1.3364

ZAR
2.63
18.0690

SEK
4.34
10.9331

CHF
53.12
1.1182

GBP
59.89
1.2609

USD
47.50
1.0000

AED
13.23
3.5896

The dollar-rupee spiked by 10 cents to 40.05 (selling) after Bank of Mauritius popped into the domestic market.

Fundamental News

EUR/USD
The Single currency dropped to $1.2100 on European Union, and Drugmakers spat over delays to Covid-19 vaccines supply, market eyeing German GDP data scheduled later today.

GBP/USD
The Cable stabilized near $1.3700 on Britain's relatively high vaccination rate, which supported the pound.

USD/JPY
The Japanese Yen flipped into negative territory to 104.46 against the U.S dollar as risk-off mood favoured demand for the safe-haven U.S dollar.

AUD/USD
The Aussie dollar drizzled to $0.7648 undermined by a sharp fall in iron ore prices, as Beijing talked about restraining steel production this year.

USD/ZAR
South African rand descended to 15.23 against the greenback after the International Monetary Fund (IMF) said that coronavirus has hit South Africa's already ailing economy hard and power cuts by state-owned utility Eskom will likely make things worse.

USD/MUR
The dollar-rupee spiked by 10 cents to 40.05 (selling) after Bank of Mauritius popped into the domestic market on Wednesday and sold a total amount of USD25.0 million.

Fundamental & Technical Data

Economic Indicators-Local Time

12:55 - EUR - German Unemployment Change (Jan)

13:00 - EUR - German GDP (QoQ) (Q4)

17:30 - CAD - GDP (MoM) (Nov)

19:00 - USD - Pending Home Sales (MoM) (Dec)

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

1.2210

1.3886

104.84

15.66

1.2176

1.3816

104.65

15.46

1.2149

1.3770

104.45

15.25

1.2115

1.3700

104.26

15.13

1.2088

1.3654

104.06

15.07

1.2054

1.3584

103.87

14.93

1.2027

1.3538

103.67

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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