Market Patrol 9 December 2020

Being young enables me to see white spaces and see non-obvious ways of doing things.

kimberlie Le

Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

USD/MUR suffered a hammer blow to 40(selling) following the intervention of the Bank of Mauritius.

Fundamental News

EUR/USD
The common currency steadied at $1.2137 amid market is waiting for fresh clues at the European Central Bank meeting tomorrow.

GBP/USD
The cable recoup losses to $1.3486, buoyed by fresh risk-on mood awaiting Brexit trade talks in Brussels.

USD/JPY
The Japanese Yen tread water at 104.15 against the U.S dollar, tracking negotiations over U.S. coronavirus aid after the Trump administration proposed a $916 billion package on Tuesday.

AUD/USD
The Aussie soared to $0.7450, after Australian consumer sentiment hit a 10-year high in a sign domestic activity will remain strong in the final quarter of 2020 after a stellar third-quarter.

USD/ZAR
The South African rand rallied to 14.89 against the greenback, powered by Gross domestic product that expanded by 66.1% in seasonally adjusted, annualised terms in quarter three from a revised 51.7% contraction in the second.

USD/MUR
The dollar-rupee suffered a hammer blow to 40(selling) following the intervention of the Bank of Mauritius to sell dollars on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

19:00 - USD - JOLTs Job Openings (Oct)

19:00 - CAD - BoC Interest Rate Decision

19:30 - USD - Crude Oil Inventories

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

1.2167

1.3507

104.51

15.50

1.2151

1.3450

104.36

15.35

1.2129

1.3404

104.26

15.26

1.2112

1.3347

104.11

15.22

1.2090

1.3300

104.01

15.12

1.2074

1.3243

103.86

15.07

1.2052

1.3196

103.76

14.97

Previous View Market Patrol Archives Next

Markey update on Biz Week by Christie Ng

Listen

Speak to our team

Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

Email

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.

Treasury

Daily Market Patrol