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Treasury

Daily Market Patrol

Market Patrol 31 December 2020

Trading is a game of probabilities. You don't have to be right every time. You just have to follow your rules.

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 dollar-rupee unfazed by international movements at 39.83 (selling)
Fundamental News

EUR/USD
The Shared currency surged to $1.2297 over bets that a global economic recovery in 2021 will pull money into riskier assets, even as the growing U.S. ‘twin deficits’ of a huge budget increase and trade deficits argue for an ever-cheaper greenback.

 

GBP/USD
The Cable extended gains to $1.3626 as UK House of Lords approved the Brexit trade deal during early Thursday in Asia.

 

USD/JPY
The Yen extended gains to 103.13 against the U.S dollar ignoring a closed Japanese market while cheering the US dollar weakness.

 

AUD/USD
The Aussie dollar pair cheered upbeat risk-on mood to $0.7703 while also taking positive clues from the mixed readings of China’s official Purchasing Manager’s Index (PMI) for December.

 

USD/ZAR
South Africa's rand firmed at 14.61 against the U.S dollar driven by continued hopes for deeper fiscal stimulus in the United States and lingering optimism about coronavirus vaccines.

 

USD/MUR
The dollar-rupee unfazed by international movements at 39.83 (selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - Initial Jobless claim

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
28-Jan-2021
European Central Bank
0.00%
10-Mar-2016
21-Jan-2021
Bank of England
0.10%
19-May-2020
04-Feb-2021
Bank of Japan
-0.10%
28-Jan-2016
-
Reserve Bank of Australia
0.10%
03-Nov-2020
02-Feb-2021
S.Africa Reserve Bank
3.50%
23-Jul-2020
-
Reserve Bank of India
4.00%
22-May-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
1.2386
1.3800
104.22
15.50
R2
1.2348
1.3713
103.91
15.35
R1
1.2324
1.3668
103.57
15.26
PP
1.2286
1.3581
103.26
15.22
S1
1.2262
1.3536
102.92
14.55
S2
1.2224
1.3449
102.61
14.50
S3
1.2200
1.3404
102.27
13.90
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.