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Daily Market Patrol

Market Patrol 8 December 2020

I'm still learning, and over time I've learnt that I knew nothing when I was champ.

Mike Tyson
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
Sterling surged to $1.3340 amid Brexit hopes.
Fundamental News

EUR/USD
The single currency seesawed at $1.2120 amid market is waiting for fresh clues from Thursday's European Union summit. According to Reuters, a senior EU diplomat has said that the EU would bypass Hungary and Poland to set up the budget and recovery fund if the two nations do not drop their veto by Thursday.


GBP/USD
Sterling surged to $1.3340 on Tuesday, clinging to hopes of a meeting between British Prime Minister Boris Johnston and European Commission President Ursula von der Leyen salvaging a Brexit trade deal.


USD/JPY
The Japanese Yen sidelined at 104.04 against the U.S dollar, although concern at surging coronavirus cases in the United States tempered optimism about vaccinations and fiscal support for the U.S. economy.


AUD/USD
The Australian dollar edged lower to $0.7032 following Aussie-China tussle are back in focus to combat vaccine.


USD/ZAR
The South African rand mounted to 15.16 against the greenback with investors luring back into risk assets by progress in COVID-19 vaccines and hopes of further stimulus in the United States.


USD/MUR

The Mauritian rupee lingered at 40.30(selling) against the dollar on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - German ZEW Economic Sentiment (Dec)

16:00 - USD - EIA Short-Term Energy Outlook

 

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
1.2245
1.3690
104.67
15.50
R2
1.2206
1.3567
104.49
15.35
R1
1.2157
1.3472
104.28
15.26
PP
1.2118
1.3348
104.10
15.22
S1
1.2069
1.3254
103.89
15.12
S2
1.2030
1.3130
103.71
15.07
S3
1.1982
1.3036
103.50
14.97
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.