Market Patrol 22 December 2020

Successful investing takes time, discipline and patience.

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

U.S dollar crimped across the board as mutant virus dampened confidence.

Fundamental News

EUR/USD
The single currency bolstered from $1.2130 to $1.2222 as advanced data published by the European Commission showed on Monday that Consumer Confidence Indicator for the euro area rose by 3.7 points to -13.9 in December from -17.6 in November.

GBP/USD
The Sterling jostled from $1.3188 to $1.3407 as mutant virus triggered more countries to cut transport ties with Britain, where a fast-spreading new strain of the coronavirus had broken out.

USD/JPY
The Japanese Yen rallied from 103.88 to 103.40 per dollar after Congress completed the passage of the $900 stimulus bill and payments to the unemployed, small businesses.

AUD/USD
The Australian dollar propelled from $0.7461 to $0.7561 following strong local retail sales data.

USD/ZAR
The South African rand clawed back to 14.65 against the greenback despite a more transmissible mutating covid virus rattles confidence.

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

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - GDP (YoY)(Q3)

11:00 - GBP - GDP (QoQ)(Q3)

17:30 - USD - GDP (QoQ)(Q3)

19:00 - USD - CB Consumer Confidence (Dec)

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

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

1.2404

1.3914

104.37

15.50

1.2328

1.3715

104.13

15.35

1.2280

1.3585

103.73

15.26

1.2205

1.3386

103.49

15.22

1.2157

1.3256

103.09

15.12

1.2082

1.3057

102.85

15.07

1.2034

1.2927

102.45

14.97

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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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