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Treasury

Daily Market Patrol

Market Patrol 3 December 2020

Don't be afraid to give up the good to go for the great

John D.Rockefeller
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 rose to 2 year high at $1.2120 on vaccine and U.S stimulus optimism
Fundamental News

EUR/USD
The Shared currency rose to a 2 year high at $1.2120 as investors wagered that more economic stimulus from Washington and the expected start of COVID-19 vaccinations would support riskier assets.

 

GBP/USD
The Cable lost ground to $1.3386 as Britain and the European Union quickly approached a make-or-break moment in trade talks, with many investors doubting a deal will be reached.

 

USD/JPY
The Japanese yen stayed put at 104.45 against the greenback following Japan’s services Purchasing Managers' Index came in at 47.8 in November, little changed from October’s figure of 47.7.

 

AUD/USD
The Aussie dollar reached highest level since 2018 at $0.7410 as investors anticipate the imminent arrival of coronavirus vaccines would help spur a global economic recovery in coming months.

 

USD/ZAR
South Africa's rand weakened to 15.31 against the U.S dollar after a recent global rally in risk currencies lost steam and as a local dispute between the government and public sector unions over wage increases kept investors cautious.

 

USD/MUR
The dollar-rupee firmed at 40.30(selling) unfazed by international price movements.

Fundamental & Technical Data
Economic Indicators-Local Time

13:30 - GBP - Composite PMI (Nov)

13:30 - GBP - Services PMI (Nov)

17:30 - USD - Initial Jobless claim

19:00 - USD - ISM Non-Manufacturing PMI (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
1.2221
1.3595
105.22
16.42
R2
1.2170
1.3518
104.99
15.81
R1
1.2143
1.3442
104.70
15.67
PP
1.2092
1.3365
104.47
15.46
S1
1.2065
1.3289
104.18
15.18
S2
1.2014
1.3212
103.95
15.04
S3
1.1987
1.3136
103.66
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.