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Treasury

Daily Market Patrol

Market Patrol 7 December 2020

Don't be afraid to talk to people about your idea. You can't do anything alone.

Shadi Bakour
Indicative Selling Rates
against MUR
USD
18 Apr 2024
  • AUD
  • 30.55
  • 0.6504
  • BWP
  • 3.46
  • 0.0738
  • CAD
  • 34.43
  • 1.3642
  • CNY
  • 6.58
  • 7.1369
  • DKK
  • 6.82
  • 6.8835
  • EUR
  • 50.41
  • 1.0732
  • HKD
  • 6.09
  • 7.7142
  • INR
  • 0.57
  • 82.2069
  • JPY
  • 30.79
  • 152.5363
  • KES
  • 36.08
  • 130.1709
  • NZD
  • 28.05
  • 0.5972
  • NOK
  • 4.37
  • 10.7550
  • SGD
  • 34.90
  • 1.3459
  • ZAR
  • 2.55
  • 18.3894
  • SEK
  • 4.36
  • 10.7728
  • CHF
  • 51.95
  • 1.1061
  • GBP
  • 58.86
  • 1.2531
  • USD
  • 46.97
  • 1.0000
  • AED
  • 12.99
  • 3.6158
EUR/USD spiked to $1.2177 spurred by Friday's U.S. jobs data showing non-farm payrolls increased by 245,000 last month,
Fundamental News

EUR/USD
The single currency spiked to $1.2177 spurred by Friday's U.S. jobs data showing non-farm payrolls increased by 245,000 last month, thus solidified expectations of a fresh economic package, then retreated to $1.2130 amid market awaits budget and relief package on Thursday alongside European Central Bank's monetary policy decision.

 

GBP/USD
The cable nosedived from $1.3540 to $1.3357 as investors looked to talks between Britain and the EU englobing agreeing fishing quotas and access for EU vessels to UK waters from 2021, this week to avert a chaotic parting of ways at the end of the year.

 

USD/JPY
The Japanese Yen sidelined at 104.06 against the U.S dollar as a bipartisan group of U.S. lawmakers worked to put the finishing touches on a new $908 billion bill.

 

AUD/USD
Aussie pair tread water at $0.7430, shrugging off positive China trade data for November amid a sluggish session with mixed risk catalysts.

 

USD/ZAR
The rand tumbled to 15.22 against the greenback, undermined by rising cases in covid-19 patients in South Africa.

 

USD/MUR
The Mauritian rupee stayed put against the dollar at 40.30(selling).

Fundamental & Technical Data
Economic Indicators-Local Time
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
1.2231
1.3644
104.87
15.50
R2
1.2204
1.3592
104.56
15.35
R1
1.2166
1.3515
104.36
15.26
PP
1.2139
1.3463
104.05
15.22
S1
1.2101
1.3386
103.85
15.12
S2
1.2074
1.3333
103.54
15.07
S3
1.2036
1.3256
103.35
14.97
Markey update on Biz Week by Christie Ng
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.