Market Patrol 21 December 2020

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Warren Buffet

Indicative Selling Rates
against MUR
USD

15 Jan 2025

AUD
29.79
0.6292

BWP
3.43
0.0726

CAD
33.27
1.4229

CNY
6.66
7.1114

DKK
6.64
7.1328

EUR
49.01
1.0354

HKD
6.17
7.6752

INR
0.56
85.1083

JPY
30.82
153.5780

KES
37.13
127.5093

NZD
26.80
0.5661

NOK
4.25
11.1335

SGD
35.15
1.3467

ZAR
2.59
18.2579

SEK
4.30
11.0196

CHF
52.22
1.1031

GBP
58.07
1.2267

USD
47.34
1.0000

AED
13.19
3.5889

GBP/USD nosedived to $1.3348 as a transmissible and out-of-control variant of Covid-19 is spreading.

Fundamental News

EUR/USD
The single currency slammed to $1.2185 amid risk-off mood boosted the haven demand for the US dollar.

GBP/USD
The Sterling nosedived to $1.3348 on comments from PM Johnson who announced that a transmissible and out-of-control variant of Covid-19 exists, imposing tightened restrictions on travelling.

USD/JPY
The Japanese Yen percolated around 103.45 against the dollar on Nikkei Asia's report Monday that Japanese PM Suga told Ministry of Finance officials to make sure USD/JPY doesn't fall below 100, attracting the attention of speculators looking to test the government's resolve.

AUD/USD

The Australian dollar hammered to $0.7561 as a new coronavirus outbreak the northern beaches of Sydney involving 83 confirmed cases in the past week triggered multiple inter-state border closures.

USD/ZAR
South Africa's rand plummeted to 14.75 per dollar with investors rushing for its relative safety as many countries tightened COVID-19 lockdowns.

USD/MUR
The dollar-rupee stayed put at 39.80(selling) on the local 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

16-Dec-2020

European Central Bank

0.00%

10-Mar-2016

10-Dec-2020

Bank of England

0.10%

19-May-2020

17-Dec-2020

Bank of Japan

-0.10%

28-Jan-2016

18-Dec-2020

Reserve Bank of Australia

0.10%

03-Nov-2020

01-Dec-2020

S.Africa Reserve Bank

3.50%

23-Jul-2020

Reserve Bank of India

4.00%

22-May-2020

04-Dec-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

1.2318

1.3688

104.11

15.50

1.2295

1.3640

103.85

15.35

1.2271

1.3567

103.58

15.26

1.2248

1.3519

103.33

15.22

1.2224

1.3447

103.06

15.12

1.2201

1.3399

102.80

15.07

1.2177

1.3326

102.53

14.97

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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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