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Treasury

Daily Market Patrol

Market Patrol 22 December 2020

Successful investing takes time, discipline and patience.

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
U.S dollar crimped across the board as mutant virus dampened confidence.
Fundamental News

EUR/USD
The single currency bolstered from $1.2130 to $1.2222 as advanced data published by the European Commission showed on Monday that Consumer Confidence Indicator for the euro area rose by 3.7 points to -13.9 in December from -17.6 in November.

 

GBP/USD
The Sterling jostled from $1.3188 to $1.3407 as mutant virus triggered more countries to cut transport ties with Britain, where a fast-spreading new strain of the coronavirus had broken out.

 

USD/JPY
The Japanese Yen rallied from 103.88 to 103.40 per dollar after Congress completed the passage of the $900 stimulus bill and payments to the unemployed, small businesses.

 

AUD/USD
The Australian dollar propelled from $0.7461 to $0.7561 following strong local retail sales data.

 

USD/ZAR
The South African rand clawed back to 14.65 against the greenback despite a more transmissible mutating covid virus rattles confidence.

 

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

 

 

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - GDP (YoY)(Q3)

11:00 - GBP - GDP (QoQ)(Q3)

17:30 - USD - GDP (QoQ)(Q3)

19:00 - USD - CB Consumer Confidence (Dec)

19:00 - USD - Existing Home Sales (Nov)

 

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
1.2404
1.3914
104.37
15.50
R2
1.2328
1.3715
104.13
15.35
R1
1.2280
1.3585
103.73
15.26
PP
1.2205
1.3386
103.49
15.22
S1
1.2157
1.3256
103.09
15.12
S2
1.2082
1.3057
102.85
15.07
S3
1.2034
1.2927
102.45
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.