Market Patrol 30 November 2020

Don't let yesterday take up too much of today.

Will Rogers

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 Shared currency surged to $1.1975 as Fed comes in to focus

Fundamental News

EUR/USD
The Shared currency gained to $1.1971 on U.S dollar weakness as a combination of vaccine optimism and bets on more monetary easing in the United States drives investors out of the world's reserve currency.

GBP/USD
Th Cable dropped to $1.3341 on fresh talks of a Scottish independence referendum that could wrench apart the United Kingdom after Brexit.

USD/JPY
The Japanese Yen meandered at 103.85 against the greenback despite Japan's better than extended Retail Sales data.

AUD/USD
The Aussie dollar ticked up to $0.7390 as China's economic activity extended its strong growth in November data showed earlier today.

USD/ZAR
South African rand lost ground to 15.25 against the U.S dollar buoyed by earlier momentum from positive news on COVID-19 vaccines that has boosted hopes of a swift global economic recovery.

USD/MUR
The dollar-rupee idled at 40.35(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

14:00 - EUR - ECB President Lagarde Speaks

19:00 - USD - Pending Home Sales (MoM) (Oc)

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

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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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