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Treasury

Daily Market Patrol

Market Patrol 16 December 2020

The biggest risk of all is not taking one.

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
GBP/USD jostled to $1.3480 boosted by Brexit optimism.
Fundamental News

EUR/USD
The single currency climbed to $1.2167, awaiting the Federal Reserve which is set to announce its final decision of the year and markets are watching changes in its bond-buying scheme amid the recent virus surge and economic slowdown.

 

GBP/USD
The pound rocketed to $1.3490 as markets grew more optimistic a Brexit deal would be reached, even as implied volatility gauges pointed to further price swings ahead of the Dec. 31 deadline.

 

USD/JPY
The Japanese Yen soared to 103.40 against the dollar amid market is waiting for Top U.S. congressional leaders to finalize $1.4 trillion in spending and end a standoff on coronavirus relief.

 

AUD/USD
The Aussie vaulted to $0.7565 ahead of local government its mid-year fiscal review on Thursday, which is expected to show some improvement in the budget deficit.

 

USD/ZAR
The South African rand pierced to 14.85 per dollar although South Africa's President Cyril Ramaphosa announced a further tightening of COVID-19 restrictions, citing a spike in infections since the start of December, but stopped short of reinstating a hard lockdown.

 

USD/MUR
The dollar-rupee inched higher by 3 cents to 40.03(selling) on the domestic market.

 

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - CPI (YoY)(Nov)

12:30 - EUR - German Manufacturing PMI (Dec)

13:30 - GBP - Composite PMI

13:30 - GBP - Services PMI

13:30 - GBP - Manufacturing PMI

17:30 - USD - Core Retail Sales (MoM)(Nov)

17:30 - USD - Retail Sales (MoM)(Nov)

23:00 - USD - FOMC Economic Projections

23:00 - USD - Fed Interest Rate Decision

23:00 - USD - FOMC 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
1.2226
1.3680
104.51
15.50
R2
1.2198
1.3567
104.33
15.35
R1
1.2179
1.3508
103.98
15.26
PP
1.2151
1.3394
103.80
15.22
S1
1.2132
1.3336
103.45
15.12
S2
1.2104
1.3222
103.28
15.07
S3
1.2085
1.3164
102.93
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.