Market Patrol 17 November 2020

Don't be pushed around by the fears in your mind. Be led by the dreams in your heart.

Roy T.Bennett

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 firmed at $1.3215 amid focus is on Brexit negotiations that resumed in Brussels.

Fundamental News

EUR/USD
The Shared currency climbed to $1.1860 as the hopes for coronavirus vaccine, and the prospects of the global economy returning to normalcy in 2021 continue to weigh over the safe-haven dollar.

GBP/USD
The pound sterling firmed at $1.3215 amid focus is on Brexit negotiations that resumed in Brussels.

USD/JPY
The Japanese yen slightly gained to 104.50 versus the U.S dollar on optimism over the latest positive news on the COVID-19 vaccine front.

AUD/USD
The Aussie dollar ascended towards $0.7317 as RBA minutes reiterated "no to negative rates", showing readiness for further stimulus.

USD/ZAR
South Africa's rand firmed at 15.32 against the U.S dollar on the back of optimism from several vaccine trials with success rates of more than 90%.

USD/MUR
The dollar-rupee idled at 40.30(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

17:30 - USD - Core Retail Sales (MoM) (Oct)

17:30 - USD - Retail Sales (MoM) (Oct)

18:00 - GBP - BoE Gov Bailey Speaks

20:00 - 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

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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.

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