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Treasury

Daily Market Patrol

Market Patrol 14 December 2020

We've got one shot at this life, and not to be productive with what we've been given, to me, is a travesty.

Mellody Hobson
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
Cable rocketed to $1.3375 buoyed by Brexit confidence,
Fundamental News

EUR/USD
The single currency climbed to $1.2143, ahead of a U.S. Federal Reserve meeting ending Wednesday where policymakers are expected to increase purchases of longer-dated Treasuries to contain a rise in yields.

 

GBP/USD
The cable rocketed to $1.3375 on hopes that Britain and the European Union will secure a free trade agreement after their decision to extend negotiations, before retreating to $1.3327.

 

USD/JPY
The Japanese Yen surged to 104 against the greenback as sentiment amongst the Japanese manufacturing and services firms improved for the second straight month this year according to the latest survey conducted by the Bank of Japan on Monday.

 

AUD/USD
The Australian dollar seesawed at $0.7550 on Monday, as higher commodity prices and positive sentiment in their home markets were offset by uncertainty about U.S. fiscal and monetary stimulus. Australian central bank minutes on Tuesday could prompt investors to scale back bets for additional monetary easing.

 

USD/ZAR
The South African rand edged higher to 15.07 against the dollar, despite a new wave of coronavirus infections locally and abroad brought underlining economic risks back into play.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

 

 

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
1.2210
1.3513
104.73
15.50
R2
1.2186
1.3419
104.50
15.35
R1
1.2152
1.3323
104.27
15.26
PP
1.2129
1.3229
104.05
15.22
S1
1.2094
1.3133
103.82
15.12
S2
1.2071
1.3039
103.59
15.07
S3
1.2036
1.2943
103.36
14.97
Weekly Technical Analysis on GBP by Aassan Deedarun 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.