Market Patrol 29 December 2020

The secret for getting ahead is getting started.

Mark Twain

Indicative Selling Rates
against MUR
USD

09 Sep 2024

AUD
31.53
0.6779

BWP
3.56
0.0766

CAD
34.59
1.3446

CNY
6.74
6.8961

DKK
7.01
6.6375

EUR
51.79
1.1136

HKD
6.06
7.6799

INR
0.56
82.6119

JPY
33.20
140.0916

KES
36.77
126.5058

NZD
28.97
0.6229

NOK
4.43
10.4901

SGD
36.27
1.2825

ZAR
2.70
17.2196

SEK
4.57
10.1717

CHF
55.35
1.1900

GBP
61.37
1.3195

USD
46.51
1.0000

AED
12.96
3.5874

The Shared currency meandered at $1.2240 with demand for safe-havens flagging as U.S. lawmakers pushed forward with a COVID-19 relief package.

Fundamental News

EUR/USD
The Shared currency meandered at $1.2240 with demand for safe-havens flagging as U.S. lawmakers pushed forward with a COVID-19 relief package.

GBP/USD
The Cable slipped to $1.3485 as market participants concern about the post-Brexit trade accord will slow trade after the crucial services sector was largely excluded from the deal.

USD/JPY
The Japanese yen lost ground to 103.71 against the U.S dollar as US stimulus headlines favor risks.

AUD/USD
The Australian dollar traded slightly higher at $0.7595 as risk appetite was boosted by a new stimulus package in the U.S. and a landmark Brexit trade deal.

USD/ZAR
South Africa's rand opened slightly weaker at 14.57 against the U.S dollar despite S.A's Trade Balance data beat expectations.

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

Fundamental & Technical Data

Economic Indicators-Local Time

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

14.55

1.2119

1.3259

103.23

14.50

1.2085

1.3163

103.09

13.90

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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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