Market Patrol 28 December 2020

Much of our trading comes down to a battle between our patience and our impulses

Steve Burns

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 Shared currency edged up to $1.2225 as Donald Trump signed U.S. stimulus package

Fundamental News

EUR/USD
The Shared currency edged up to $1.2240 as U.S. President Trump surprised global markets on Sunday by signing the much-awaited aid package, and avoiding the American government shutdown.

GBP/USD
The Pound Sterling eased from a two and a half year high of $1.3632 to $1.3565, following last week's agreement of a narrow Brexit trade deal that does not cover Britain's financial sector.

USD/JPY
The Japanese yen ticked up to 103.50 against the greenback as Japan’s industrial production data pleased yen's buyers earlier today.

AUD/USD
The Aussie dollar rose to $0.7611 despite China's import of Australian copper hits lowest since January 2017. Copper is one of Australia's top exports along with iron ore and gold.

USD/ZAR
South Africa's firm at 14.56 versus the greenback on news that Trump signed US aid bill added to the Brexit optimism and boosted investors' confidence.

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

Fundamental & Technical Data

Economic Indicators-Local Time

16:00 - ZAR - Trade Balance

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

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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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