Market Patrol 30 December 2020

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Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

The Cable surged to $1.3545 on hopes that the Brexit deal will have smooth sailing through the UK Parliament.

Fundamental News

EUR/USD
The Shared currency gained traction to $1.2286 with investors looking past a Senate delay in U.S. stimulus checks and continuing to bet that additional financial aid is still likely.

GBP/USD
The Cable surged to $1.3545 on hopes that the Brexit deal will have smooth sailing through the UK Parliament where it will be voted today.

USD/JPY
The Japanese yen gained to 103.30 against the greenback in the absence of significant macroeconomic data releases and U.S dollar weakness.

AUD/USD
The Aussie dollar climbed to $0.7657 while investors wagered the widening rollout of vaccines would bolster global growth and commodities next year.

USD/ZAR
South African rand held its ground against the U.S dollar at 14.65 as expectations of an expanded U.S. stimulus package offset negative sentiment stemming from tighter coronavirus restrictions after the number of infections in the country surpassed the 1-million mark.

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

Fundamental & Technical Data

Economic Indicators-Local Time

19:00 - USD - Pending Home Sales (MoM) (Nov)

19:30 - USD - Crude oil inventories

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00-0.25%

16-Mar-2020

28-Jan-2021

European Central Bank

0.00%

10-Mar-2016

21-Jan-2021

Bank of England

0.10%

19-May-2020

04-Feb-2021

Bank of Japan

-0.10%

28-Jan-2016

Reserve Bank of Australia

0.10%

03-Nov-2020

02-Feb-2021

S.Africa Reserve Bank

3.50%

23-Jul-2020

Reserve Bank of India

4.00%

22-May-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

1.2348

1.3613

104.11

15.50

1.2312

1.3568

103.97

15.35

1.2281

1.3536

103.75

15.26

1.2245

1.3491

103.61

15.22

1.2214

1.3459

103.39

14.55

1.2178

1.3414

103.25

14.50

1.2147

1.3382

103.03

13.90

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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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