Market Patrol 23 December 2020

I'm a big believer in progress over perfection.

David M.Solomon

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

Euro reverted to losses at $1.2183 after President Donald Trump said he wanted Congress to amend the coronavirus aid bill.

Fundamental News

EUR/USD
Euro reverted to losses at $1.2183 after President Donald Trump said he wanted Congress to amend the coronavirus aid bill.

GBP/USD
The Pound meandered at $1.3399 as Britain remained stuck in Covid-19 isolation due to a new coronavirus strain, while trade talks between the European Union and the UK remained stalled, with disagreements over fishing rights the main obstacles.

USD/JPY
The Yen eased to 103.47 versus the greenback after U.S. third-quarter GDP growth was revised slightly higher fueled by more than 3 trillion in U.S. pandemic relief.

AUD/USD
The Aussie edged lower to $0.7551 amid fresh risk-off mood and downbeat Australian trade balance data.

USD/ZAR
South African rand muted at 14.66 versus the U.S dollar after the U.S. existing home sales data fell 2.5%, worse than the 2.2% drop expected.

USD/MUR
The dollar-rupee inched higher by 3 cents to 39.83 on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

17:30 - USD - Core Durable Goods Orders

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

1.2330

1.3619

104.30

15.50

1.2294

1.3544

104.02

15.35

1.2225

1.3453

103.85

15.26

1.2189

1.3379

103.56

15.22

1.2120

1.3288

103.39

15.12

1.2084

1.3213

103.11

15.07

1.2016

1.3122

102.94

14.97

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Head - Forex And Derivatives

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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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