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Treasury

Daily Market Patrol

Market Patrol 18 December 2020
A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.
Jesse Livermore
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
U.S dollar trimmed losses against major currencies despite $900 billion coronavirus bill impasse.
Fundamental News

EUR/USD
The single currency ebbed away from $1.2275 high to $1.2240, although new potential roadblock to a $900 billion coronavirus economic relief bill emerged in the U.S. Congress on Thursday as some Senate Republicans insisted on language ensuring that expiring Federal Reserve lending programs cannot be revived.

 

GBP/USD
The cable retreated from $1.3625 to $1.3525 on reports that Britain and the European Union struck a downbeat tone about the likelihood of an agreement, while the Bank of England kept its stimulus programme unchanged.

 

USD/JPY
The Japanese Yen hammered from 102.87 to 103.40 against the greenback after the Bank of Japan extended its aid scheme for corporate lending and kept other policy settings steady, pledging to begin an examination on more effective ways to achieve its 2% inflation target.

 

AUD/USD
The Aussie plunged from $0.7638 to $0.7588 despite added impetus by surging commodity prices globally and higher bond yields locally.

 

USD/ZAR
The rand rallied to 14.71 against the dollar, buoyed by risk appetite on the coronavirus vaccine rollouts.

 

USD/MUR
The dollar-rupee steadied at 39.80(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Retail Sales

13:00 - EUR - German Ifo Business Climate 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
1.2388
1.3767
104.20
15.50
R2
1.2330
1.3696
103.88
15.35
R1
1.2296
1.3628
103.52
15.26
PP
1.2239
1.3557
103.20
15.22
S1
1.2205
1.3490
102.83
15.12
S2
1.2147
1.3419
102.51
15.07
S3
1.2113
1.3351
102.14
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.