Market Patrol 16 November 2020

Everything you can imagine is real.

Pablo Picasso

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 U.S Dollar lost ground as vaccine optimism offset worries about rising corona virus cases.

Fundamental News

EUR/USD
The Shared currency extended gains to $1.1850 as traders weighed the economic impact from a resurgence of global coronavirus cases against prospects for a working vaccine that could help reignite global growth.

GBP/USD
The Cable rocketed to $1.3218 as hopes for a Brexit deal were given a boost after Prime Minister Boris Johnson's top aide was ousted ahead of "make or break" Brexit talks.

USD/JPY
The Japanese yen picked up to 104.57 versus the U.S. dollar following Japan's Q3 Gross Domestic Product preliminary result arrived at 5.0% QoQ vs expected 4.4% in today's Asian session.

AUD/USD
The Aussie gained to $0.7282 as investors chose to focus on the prospects of a COVID-19 vaccine rather than the ever-expanding tally of new cases now.

USD/ZAR
The South African rand firmed at 15.45 against a weaker U.S. dollar as the coronavirus vaccine optimism lifted global market sentiment.

USD/MUR
The dollar-rupee stayed put to 40.30(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

17:00 - EUR - ECB President Lagarde Speaks

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

1.1885

1.3321

105.60

16.42

1.1861

1.3260

105.38

15.81

1.1847

1.3230

105.00

15.67

1.1823

1.3169

104.78

15.46

1.1809

1.3139

104.40

15.20

1.1785

1.3078

104.18

15.04

1.1771

1.3048

103.80

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