Market Patrol 1 December 2020

We may encounter many defeats but we must not be defeated

Maya Angelou

Indicative Selling Rates
against MUR
USD

15 Jan 2025

AUD
29.79
0.6292

BWP
3.43
0.0726

CAD
33.27
1.4229

CNY
6.66
7.1114

DKK
6.64
7.1328

EUR
49.01
1.0354

HKD
6.17
7.6752

INR
0.56
85.1083

JPY
30.82
153.5780

KES
37.13
127.5093

NZD
26.80
0.5661

NOK
4.25
11.1335

SGD
35.15
1.3467

ZAR
2.59
18.2579

SEK
4.30
11.0196

CHF
52.22
1.1031

GBP
58.07
1.2267

USD
47.34
1.0000

AED
13.19
3.5889

The Pound Sterling consolidated around $1.3364 as the market awaits the outcome of Brexit negotiations.

Fundamental News

EUR/USD

The Shared currency dropped to $1.1958 ahead of Eurozone's pool of economic data.

GBP/USD

The Pound Sterling consolidated around $1.3364 as the market awaits the outcome of Brexit negotiations.

USD/JPY

The Japanese yen slipped to 104.39 against the greenback amid economic fears and doubts over the US coronavirus aid package.

AUD/USD

The Aussie dollar edged lower to $0.7366 despite domestic economic news stayed upbeat and global commodity prices strong.

USD/ZAR

South African rand extended losses to 15.37 per U.S dollar on disappointing local economic data kept the currency on the back foot.

USD/MUR

The dollar-rupee unchanged at 40.35(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

12:55 - EUR - German Unemployment Change (Nov)

12:55 - EUR - German Manufacturing PMI (Nov)

13:30 - GBP - Manufacturing PMI (Nov)

14:00 - EUR - CPI (YoY) (Nov)

17:30 - CAD - GDP (MoM)(Sep)

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

1.2034

1.3454

104.68

16.42

1.1999

1.3418

104.48

15.81

1.1979

1.3363

104.30

15.67

1.1944

1.3327

104.10

15.46

1.1924

1.3272

103.92

15.18

1.1889

1.3236

103.72

15.04

1.1869

1.3181

103.54

14.73

Previous View Market Patrol Archives Next

Weekly Market Update by Reshma Peerun Rajwani

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