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Treasury

Daily Market Patrol

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
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
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
R3
1.2261
1.3559
104.87
15.50
R2
1.2210
1.3486
104.73
15.35
R1
1.2177
1.3392
104.46
15.26
PP
1.2125
1.3319
104.32
15.22
S1
1.2092
1.3224
104.06
15.12
S2
1.2040
1.3152
103.91
15.07
S3
1.2007
1.3057
103.65
14.97
Weekly FX Market Analysis by Karishma Sewock Nobutsing on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.