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Treasury

Daily Market Patrol

Market Patrol 10 December 2020

We are only successful if our medicines reach every one of the patients that need them.

Giovanni Caforio
Indicative Selling Rates
against MUR
USD
19 Apr 2024
  • AUD
  • 30.42
  • 0.6459
  • BWP
  • 3.47
  • 0.0737
  • CAD
  • 34.46
  • 1.3664
  • CNY
  • 6.60
  • 7.1402
  • DKK
  • 6.82
  • 6.9093
  • EUR
  • 50.34
  • 1.0691
  • HKD
  • 6.10
  • 7.7148
  • INR
  • 0.57
  • 82.1874
  • JPY
  • 30.85
  • 152.6385
  • KES
  • 35.97
  • 130.9049
  • NZD
  • 27.96
  • 0.5937
  • NOK
  • 4.35
  • 10.8251
  • SGD
  • 34.91
  • 1.3490
  • ZAR
  • 2.53
  • 18.6446
  • SEK
  • 4.35
  • 10.8361
  • CHF
  • 52.18
  • 1.1081
  • GBP
  • 58.79
  • 1.2484
  • USD
  • 47.09
  • 1.0000
  • AED
  • 13.02
  • 3.6162
The cable plummeted from $1.3472 to $1.3363 as chances dim for post-Brexit trade deal after "lively" dinner.
Fundamental News

EUR/USD
The euro recovered from $1.2058 to $1.2095, driven by hopes that the EU leaders will approve the stimulus deal at the Summit, which will pave the way for the flow of $2.2 trillion to the continent’s battered economies. ECB interest rate decision eyed for 17:30.

 

GBP/USD
The pound plummeted from $1.3472 to $1.3363 as chances dim for post-Brexit trade deal after "lively" dinner.

 

USD/JPY
The Japanese Yen tumbled to 104.41 against the greenback despite increasing political uncertainties over U.S. stimulus talks.

 

AUD/USD
The Aussie dollar soared to $0.7474 following Consumer Inflation Expectations reprint 3.5% for December.

 

USD/ZAR
The South African rand climbed to 14.95 against the greenback, supported by an uptick in global risk appetite that has largely outweighed investors' worries about South Africa's dire economic situation.

 

USD/MUR
The dollar-rupee stayed put at 40(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - GDP(MoM)

11:00 - GBP - Monthly GDP 3M/3M Change

16:45 - EUR - Deposit Facility Rate (Dec)

16:45 - EUR - ECB Marginal Lending Facility 

16:45 - EUR - ECB Interest Rate Decision

17:30 - USD - Core CPI (MoM))(Nov)

17:30 - USD - Initial Jobless Claims

17:30 - EUR - ECB Press Conference

 

 

 

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
R3
1.2221
1.3600
104.74
15.50
R2
1.2185
1.3539
104.57
15.35
R1
1.2132
1.3468
104.39
15.26
PP
1.2095
1.3407
104.22
15.22
S1
1.2043
1.3336
104.04
15.12
S2
1.2006
1.3275
103.87
15.07
S3
1.1954
1.3204
103.69
14.97
Markey update on Biz Week by Christie Ng
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.