Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 4 December 2020

All progress takes place outside the comfort zone

Michael John Bobak
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The Cable jumped to three-month high of $1.3462 on report of progress on fishing quotas
Fundamental News

EUR/USD
The Shared currency extended gains to $1.2154 as investors piled into bets the U.S. dollar has further to fall as the world begins to emerge from the COVID-19 pandemic.

 

GBP/USD
The Pound sterling surged to $1.3456 on report that the U.K. and EU have made progress on fishing quotas, stoking hopes that a post-Brexit deal is within sight.

 

USD/JPY
The Japanese yen gained traction to 103.86 against the U.S dollar amid a broad continuation of USD weakness.

 

AUD/USD
The Aussie dollar rose to $0.7434 shrugging off the weaker-than-expected Aussie Retail sales data released earlier today.

 

USD/ZAR
South Africa's rand climbed to 15.16 per U.S dollar, boosted by optimism about COVID-19 vaccines that have whetted risk appetite among global investors hungry for yield.

 

USD/MUR
The dollar-rupee unchanged at 40.30(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

13:30 - GBP - Construction PMI (Nov)

17:30 - USD - Nonfarm Payroll (Nov)

17:30 - USD - Unemployment Rate (Nov)

17:30 - CAD - Employment Change (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 FX Market Analysis by Karishma Sewock Nobutsing 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.