Market Patrol 2 December 2020

Opportunities don't happen. You create them.

Chris Grosser

Indicative Selling Rates
against MUR
USD

13 Sep 2024

AUD
31.67
0.6825

BWP
3.54
0.0763

CAD
34.47
1.3462

CNY
6.73
6.8936

DKK
6.99
6.6344

EUR
51.70
1.1141

HKD
6.04
7.6821

INR
0.56
82.5855

JPY
33.54
138.3498

KES
36.67
126.5504

NZD
28.94
0.6238

NOK
4.43
10.4807

SGD
36.28
1.2789

ZAR
2.71
17.1267

SEK
4.58
10.1253

CHF
54.95
1.1843

GBP
61.31
1.3214

USD
46.40
1.0000

AED
12.93
3.5875

The Shared currency rocketed to $1.2072 on hopes for rekindled U.S. stimulus talks

Fundamental News

EUR/USD
The Shared currency rocketed to $1.2072 on optimism that the U.S will restart stimulus talks improved risk appetite.

GBP/USD
The Cable surged to $1.3413 after Times Radio said Brexit trade deal talks have entered the "tunnel" stage of negotiations.

USD/JPY
The Japanese yen hovered at 104.44 against the greenback despite the Deputy Governor Masayoshi Amamiya stated the Bank of Japan will not hesitate to roll out additional easing measures if necessary.

AUD/USD
The Aussie dollar gained to $0.7366 after data showed Australia's economic growth rebounded by a record 3.3% in the third quarter as an easing in pandemic restrictions unleashed pent-up consumer demand.

USD/ZAR
South African rand climbed to 15.28 against the U.S dollar recouping most of the previous session as hopes of a coronavirus vaccine and signs of economic recovery around the world kept investors interested in risk assets.

USD/MUR
The dollar-rupee dropped by 5 cents to 40.30(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

17:15 - USD - ADP Nonfarm Employment Change (Nov)

19:00 - USD - Fed Chair Powell Testifies

19:30 - USD - Crude Oil Inventories

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

1.2272

1.3596

104.94

16.42

1.2174

1.3519

104.76

15.81

1.2122

1.3471

104.54

15.67

1.2024

1.3394

104.36

15.46

1.1972

1.3346

104.14

15.18

1.1874

1.3269

103.96

15.04

1.1822

1.3221

103.74

14.73

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Allan Juste

Head - Forex And Derivatives

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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.

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