Market Patrol 1 December 2020

We may encounter many defeats but we must not be defeated

Maya Angelou

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 Pound Sterling consolidated around $1.3364 as the market awaits the outcome of Brexit negotiations.

Fundamental News

EUR/USD

The Shared currency dropped to $1.1958 ahead of Eurozone's pool of economic data.

GBP/USD

The Pound Sterling consolidated around $1.3364 as the market awaits the outcome of Brexit negotiations.

USD/JPY

The Japanese yen slipped to 104.39 against the greenback amid economic fears and doubts over the US coronavirus aid package.

AUD/USD

The Aussie dollar edged lower to $0.7366 despite domestic economic news stayed upbeat and global commodity prices strong.

USD/ZAR

South African rand extended losses to 15.37 per U.S dollar on disappointing local economic data kept the currency on the back foot.

USD/MUR

The dollar-rupee unchanged at 40.35(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

12:55 - EUR - German Unemployment Change (Nov)

12:55 - EUR - German Manufacturing PMI (Nov)

13:30 - GBP - Manufacturing PMI (Nov)

14:00 - EUR - CPI (YoY) (Nov)

17:30 - CAD - GDP (MoM)(Sep)

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

1.2034

1.3454

104.68

16.42

1.1999

1.3418

104.48

15.81

1.1979

1.3363

104.30

15.67

1.1944

1.3327

104.10

15.46

1.1924

1.3272

103.92

15.18

1.1889

1.3236

103.72

15.04

1.1869

1.3181

103.54

14.73

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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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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