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Treasury

Daily Market Patrol

Market Patrol 17 December 2020

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

Warren Buffet
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
USD/MUR sunk to 39.80(selling) crushed by the intervention of the Bank of Mauritius on the Foreign exchange market.
Fundamental News

EUR/USD
The single currency slammed to $1.2123 as the Federal Reserve on Wednesday vowed to keep funnelling cash into financial markets until the U.S. economic recovery is secure, but then recovered to $1.2228 on investor's pessimism.

 

GBP/USD
The cable bolstered to $1.3560 on comments from EU's chief executive on Wednesday that she could not say if there would be a trade deal with Britain, but there had been progressed and the next few days would be critical.

 

USD/JPY
The Japanese Yen popped to 103.30 against the greenback despite there have been progressed toward agreeing a U.S. stimulus package.

 

AUD/USD
The Aussie dollar rallied to $0.7595 following Australian employment blew past forecasts with a rise of 90,000 in November, driving the jobless rate down to 6.8% when analysts had looked for 7.0%.

 

USD/ZAR
The South African rand jostled to 14.78 per dollar on the back of broad dollar weakness amid Trump administration labelled various countries as currency manipulators, affecting his vow to close the U.S trade gap.

 

USD/MUR
The dollar-rupee sunk by 23 cents to 39.80(selling), crushed by the intervention of the central bank on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - CPI (YoY)(Nov)

16:00 - GBP - BoE Interest Rate Decision(Dec)

17:30 - USD - Building Permits (Nov)

17:30 - USD - Initial Jobless Claims 

17:30 - USD - Philadelphia Fed Manufacturing Index(Dec)

 

 

 

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
1.2310
1.3680
104.51
15.50
R2
1.2261
1.3567
104.33
15.35
R1
1.2222
1.3508
103.98
15.26
PP
1.2174
1.3394
103.80
15.22
S1
1.2135
1.3336
103.45
15.12
S2
1.2086
1.3222
103.28
15.07
S3
1.2048
1.3164
102.93
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.