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Treasury

Daily Market Patrol

Market Patrol 15 December 2020

I am only one, but I am one. I cannot do everything, but I can do something. And I will not let what I cannot do interfere with what I can do.

Edward Everett Hale
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
U.S dollar luring amid fiscal stimulus optimism.
Fundamental News

EUR/USD
The single currency staggered at $1.2150 on news that a $908 billion bipartisan COVID-19 relief plan will be split into two packages, raising hopes that at least a large part of the plan that already has bipartisan support will be approved.

 

GBP/USD
The cable plummeted from $1.3446 to $1.333 after British Health Secretary Matt Hancock announced London would be placed into the toughest tier of coronavirus restrictions starting on Wednesday, amid a sharp rise in infection rates.

 

USD/JPY
The Japanese yen cascaded from 103.50 to 104.11 against the greenback after Japan’s Nikkei suggested a six-month extension to the current corporate aid, currently about to expire on March 2021. Bank of Japan stimulus on Friday is eyed.

 

AUD/USD
The Aussie slammed from $0.7580 to $0.7518 as China-state-owned media reported that the local power stations banned purchase of Australian coal, shrugging off RBA readiness to ease.

 

USD/ZAR
The South African rand staged a brief recovery to 15.04 per dollar as progress on the rollout of a COVID-19 vaccine lifted riskier assets globally.

 

USD/MUR
The Mauritian rupee steadied at 40(selling) against the dollar on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Average Earnings Index + Bonus

11:00 - GBP - Claimant Count Change (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
1.3661
1.2239
104.84
15.50
R2
1.3553
1.2208
104.47
15.35
R1
1.3440
1.2178
104.25
15.26
PP
1.3332
1.2147
103.88
15.22
S1
1.3219
1.2116
103.66
15.12
S2
1.3112
1.2086
103.29
15.07
S3
1.2998
1.2055
103.07
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.