Market Patrol 4 November 2020

The secret of getting ahead is getting started.

Mark Twain

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 clawed back losses as early results showed tight election.

Fundamental News

EUR/USD
The Shared currency retreated from a high of $1.1767 to $1.1664 as the U.S dollar clawed back losses after preliminary results from the U.S Presidential election hinted at a close race with no clear winner yet in sight.

GBP/USD
The Sterling rose to $1.30, ignoring that the European Union and Britain have so far failed to reach an agreement on three persistent sticking points in Brexit talks.

USD/JPY
The Japanese yen lost ground to 104.77 as the Bank of Japan's Governor Haruhiko Kuroda said the central bank would maintain its easing policy measures.

AUD/USD
The Aussie dollar surged to $0.7119 following China's Caixin services PMI for October came in at 56.8 vs 54.8, which showed that the business activity growth accelerated amid stronger client demand.

USD/ZAR
South Africa's rand popped and dropped to 16.25/dlr in a turbulent trading session as investors awaited the results from the United States presidential election.

USD/MUR
The dollar-rupee dropped by 10 cents to 40.35(selling) on the local market following the central bank's intervention.

Fundamental & Technical Data

Economic Indicators-Local Time

13:30 - GBP - Services PMI (Oct)

13:30 - GBP - Composite PMI (Oct)

17:15 - USD - ADP Nonfarm Employment Change (Oct)

19:00 - USD - ISM Non-Manufacturing PMI (Oct)

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

05-Nov-2020

European Central Bank

0.00%

10-Mar-2016

Bank of England

0.10%

19-May-2020

05-Nov-2020

Bank of Japan

-0.10%

28-Jan-2016

Reserve Bank of Australia

0.10%

03-Nov-2020

S.Africa Reserve Bank

3.50%

23-Jul-2020

Reserve Bank of India

4.00%

22-May-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

1.1864

1.3293

105.13

17.27

1.1802

1.3186

104.98

17.03

1.1761

1.3126

104.75

16.80

1.699

1.3019

106.60

16.10

1.1658

1.2959

104.37

16.77

1.1596

1.2852

104.22

16.04

1.1555

1.2792

103.99

15.95

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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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