Market Patrol 22 December 2020

Successful investing takes time, discipline and patience.

Warren Buffet

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

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

+230 5251 4855

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Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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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