Market Patrol 15 December 2020

I am only one, but I am one. I cannot do everything, but I can do something. And I will not let what I cannot do interfere with what I can do.

Edward Everett Hale

Indicative Selling Rates
against MUR
USD

13 Sep 2024

AUD
31.67
0.6825

BWP
3.54
0.0763

CAD
34.47
1.3462

CNY
6.73
6.8936

DKK
6.99
6.6344

EUR
51.70
1.1141

HKD
6.04
7.6821

INR
0.56
82.5855

JPY
33.54
138.3498

KES
36.67
126.5504

NZD
28.94
0.6238

NOK
4.43
10.4807

SGD
36.28
1.2789

ZAR
2.71
17.1267

SEK
4.58
10.1253

CHF
54.95
1.1843

GBP
61.31
1.3214

USD
46.40
1.0000

AED
12.93
3.5875

U.S dollar luring amid fiscal stimulus optimism.

Fundamental News

EUR/USD
The single currency staggered at $1.2150 on news that a $908 billion bipartisan COVID-19 relief plan will be split into two packages, raising hopes that at least a large part of the plan that already has bipartisan support will be approved.

GBP/USD
The cable plummeted from $1.3446 to $1.333 after British Health Secretary Matt Hancock announced London would be placed into the toughest tier of coronavirus restrictions starting on Wednesday, amid a sharp rise in infection rates.

USD/JPY
The Japanese yen cascaded from 103.50 to 104.11 against the greenback after Japan’s Nikkei suggested a six-month extension to the current corporate aid, currently about to expire on March 2021. Bank of Japan stimulus on Friday is eyed.

AUD/USD
The Aussie slammed from $0.7580 to $0.7518 as China-state-owned media reported that the local power stations banned purchase of Australian coal, shrugging off RBA readiness to ease.

USD/ZAR
The South African rand staged a brief recovery to 15.04 per dollar as progress on the rollout of a COVID-19 vaccine lifted riskier assets globally.

USD/MUR
The Mauritian rupee steadied at 40(selling) against the dollar on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - Average Earnings Index + Bonus

11:00 - GBP - Claimant Count Change (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

1.3661

1.2239

104.84

15.50

1.3553

1.2208

104.47

15.35

1.3440

1.2178

104.25

15.26

1.3332

1.2147

103.88

15.22

1.3219

1.2116

103.66

15.12

1.3112

1.2086

103.29

15.07

1.2998

1.2055

103.07

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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