Market Patrol 31 December 2020

Trading is a game of probabilities. You don't have to be right every time. You just have to follow your rules.

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 dollar-rupee unfazed by international movements at 39.83 (selling)

Fundamental News

EUR/USD
The Shared currency surged to $1.2297 over bets that a global economic recovery in 2021 will pull money into riskier assets, even as the growing U.S. ‘twin deficits’ of a huge budget increase and trade deficits argue for an ever-cheaper greenback.

GBP/USD
The Cable extended gains to $1.3626 as UK House of Lords approved the Brexit trade deal during early Thursday in Asia.

USD/JPY
The Yen extended gains to 103.13 against the U.S dollar ignoring a closed Japanese market while cheering the US dollar weakness.

AUD/USD
The Aussie dollar pair cheered upbeat risk-on mood to $0.7703 while also taking positive clues from the mixed readings of China’s official Purchasing Manager’s Index (PMI) for December.

USD/ZAR
South Africa's rand firmed at 14.61 against the U.S dollar driven by continued hopes for deeper fiscal stimulus in the United States and lingering optimism about coronavirus vaccines.

USD/MUR
The dollar-rupee unfazed by international movements at 39.83 (selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

17:30 - USD - Initial Jobless claim

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

1.2386

1.3800

104.22

15.50

1.2348

1.3713

103.91

15.35

1.2324

1.3668

103.57

15.26

1.2286

1.3581

103.26

15.22

1.2262

1.3536

102.92

14.55

1.2224

1.3449

102.61

14.50

1.2200

1.3404

102.27

13.90

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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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