Market Patrol 11 December 2020

Don't test the depth of the river with both your feet while taking the risk.

Warren Buffett

Indicative Selling Rates
against MUR
USD

13 Sep 2024

AUD
31.67
0.6825

BWP
3.54
0.0763

CAD
34.47
1.3462

CNY
6.73
6.8936

DKK
6.99
6.6344

EUR
51.70
1.1141

HKD
6.04
7.6821

INR
0.56
82.5855

JPY
33.54
138.3498

KES
36.67
126.5504

NZD
28.94
0.6238

NOK
4.43
10.4807

SGD
36.28
1.2789

ZAR
2.71
17.1267

SEK
4.58
10.1253

CHF
54.95
1.1843

GBP
61.31
1.3214

USD
46.40
1.0000

AED
12.93
3.5875

EUR/USD surged to $1.2162 after the European Central Bank expanded its bond buying scheme.

Fundamental News

EUR/USD
The single currency surged to $1.2162 after the European Central Bank expanded its bond buying scheme, unblocking a 1.8 trillion euro financial package. The central bank also lifted growth forecasts but lowered inflation projections for 2022.

GBP/USD
The cable mounted from $1.3240 to $1.3320 overnight despite British Prime Minister Boris Johnson said on Thursday there was "a strong possibility" Britain and the European Union would fail to strike a deal.

USD/JPY
The Japanese Yen spiked to 104.03 against the greenback, buoyed by an unexpectedly large surge in U.S. jobless claims.

AUD/USD
The Aussie pierced $0.7565, supported by Dalian iron-ore futures soaring nearly 4.0% to 8.0% for most contracts.

USD/ZAR
The rand percolated around 15.02 against the dollar, unabated by local data showing manufacturing output fell 3.4% year-on-year in October while mining output dropped 6.3% tempered investors' enthusiasm.

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

Fundamental & Technical Data

Economic Indicators-Local Time

12:30 - GBP - BoE Gov Bailey Speaks

14:00 - EUR - EU Leaders Summit

17:30 - USD - PPI (MoM)(Nov)

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

1.2261

1.3559

104.87

15.50

1.2210

1.3486

104.73

15.35

1.2177

1.3392

104.46

15.26

1.2125

1.3319

104.32

15.22

1.2092

1.3224

104.06

15.12

1.2040

1.3152

103.91

15.07

1.2007

1.3057

103.65

14.97

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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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