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Treasury

Daily Market Patrol

Market Patrol 2 December 2020

Opportunities don't happen. You create them.

Chris Grosser
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
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
R3
1.2272
1.3596
104.94
16.42
R2
1.2174
1.3519
104.76
15.81
R1
1.2122
1.3471
104.54
15.67
PP
1.2024
1.3394
104.36
15.46
S1
1.1972
1.3346
104.14
15.18
S2
1.1874
1.3269
103.96
15.04
S3
1.1822
1.3221
103.74
14.73
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.