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Treasury

Daily Market Patrol

Market Patrol 21 December 2020
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffet
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 nosedived to $1.3348 as a transmissible and out-of-control variant of Covid-19 is spreading.
Fundamental News

EUR/USD
The single currency slammed to $1.2185 amid risk-off mood boosted the haven demand for the US dollar.

 

GBP/USD
The Sterling nosedived to $1.3348 on comments from PM Johnson who announced that a transmissible and out-of-control variant of Covid-19 exists, imposing tightened restrictions on travelling.

 

USD/JPY
The Japanese Yen percolated around 103.45 against the dollar on Nikkei Asia's report Monday that Japanese PM Suga told Ministry of Finance officials to make sure USD/JPY doesn't fall below 100, attracting the attention of speculators looking to test the government's resolve.

 

AUD/USD

The Australian dollar hammered to $0.7561 as a new coronavirus outbreak the northern beaches of Sydney involving 83 confirmed cases in the past week triggered multiple inter-state border closures.

 

USD/ZAR
South Africa's rand plummeted to 14.75 per dollar with investors rushing for its relative safety as many countries tightened COVID-19 lockdowns.

 

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

 

Fundamental & Technical Data
Economic Indicators-Local Time

 

 

 

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
1.2318
1.3688
104.11
15.50
R2
1.2295
1.3640
103.85
15.35
R1
1.2271
1.3567
103.58
15.26
PP
1.2248
1.3519
103.33
15.22
S1
1.2224
1.3447
103.06
15.12
S2
1.2201
1.3399
102.80
15.07
S3
1.2177
1.3326
102.53
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.