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Treasury

Daily Market Patrol

Market Patrol 24 December 2020

Do one thing every day that scares you

Eleanor Roosevelt
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 single currency clung to gains at $1.2202 amid soft U.S dollar conditions on concerns about the prospects of a U.S. government shutdown.
Fundamental News

EUR/USD
The single currency clung to gains at $1.2202 amid soft U.S dollar conditions on concerns about the prospects of a U.S. government shutdown.

 

GBP/USD
Pound catapulted to $1.3540 as risk appetite rose on signs that a long -elusive Brexit trade deal was imminent between the UK and the European Union.

 

USD/JPY
The Japanese Yen seesawed between gains and losses near 103.57 versus the greenback caught in the cross currents of investors’ attempts to unload safe havens on upbeat Brexit tones, and hint of more U.S. stimulus.

 

AUD/USD
Aussie soared to $0.7584 boosted in part by signs that a small COVID-19 outbreak in Sydney would be contained.

 

USD/ZAR
South African Rand held on to gains at 14.59, showing surprising resilience in the face of external and domestic pressure.

 

USD/MUR
The dollar-rupee idled at 39.83 (selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - Core Durable goods Orders (MoM) (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
1.2286
1.3811
103.96
15.50
R2
1.2253
1.3691
103.81
15.35
R1
1.2219
1.3595
103.67
15.26
PP
1.2186
1.3475
103.52
15.22
S1
1.2152
1.3379
103.38
15.12
S2
1.2119
1.3259
103.23
15.07
S3
1.2085
1.3163
103.09
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.