Market Patrol 24 December 2020

Do one thing every day that scares you

Eleanor Roosevelt

Indicative Selling Rates
against MUR
USD

24 Apr 2024

AUD
30.84
0.6580

BWP
3.43
0.0732

CAD
34.58
1.3552

CNY
6.56
7.1461

DKK
6.83
6.8651

EUR
50.42
1.0758

HKD
6.07
7.7178

INR
0.57
81.9769

JPY
30.62
153.0506

KES
35.48
132.1115

NZD
28.11
0.5997

NOK
4.40
10.6625

SGD
34.83
1.3457

ZAR
2.54
18.4847

SEK
4.40
10.6565

CHF
51.73
1.1037

GBP
58.66
1.2515

USD
46.87
1.0000

AED
12.96
3.6156

The single currency clung to gains at $1.2202 amid soft U.S dollar conditions on concerns about the prospects of a U.S. government shutdown.

Fundamental News

EUR/USD
The single currency clung to gains at $1.2202 amid soft U.S dollar conditions on concerns about the prospects of a U.S. government shutdown.

GBP/USD
Pound catapulted to $1.3540 as risk appetite rose on signs that a long -elusive Brexit trade deal was imminent between the UK and the European Union.

USD/JPY
The Japanese Yen seesawed between gains and losses near 103.57 versus the greenback caught in the cross currents of investors’ attempts to unload safe havens on upbeat Brexit tones, and hint of more U.S. stimulus.

AUD/USD
Aussie soared to $0.7584 boosted in part by signs that a small COVID-19 outbreak in Sydney would be contained.

USD/ZAR
South African Rand held on to gains at 14.59, showing surprising resilience in the face of external and domestic pressure.

USD/MUR
The dollar-rupee idled at 39.83 (selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

17:30 - USD - Core Durable goods Orders (MoM) (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

1.2286

1.3811

103.96

15.50

1.2253

1.3691

103.81

15.35

1.2219

1.3595

103.67

15.26

1.2186

1.3475

103.52

15.22

1.2152

1.3379

103.38

15.12

1.2119

1.3259

103.23

15.07

1.2085

1.3163

103.09

14.97

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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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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