Market Patrol 16 November 2020

Everything you can imagine is real.

Pablo Picasso

Indicative Selling Rates
against MUR
USD

20 May 2024

AUD
31.29
0.6765

BWP
3.48
0.0752

CAD
34.28
1.3494

CNY
6.49
7.1298

DKK
6.85
6.7581

EUR
50.57
1.0931

HKD
6.02
7.6834

INR
0.56
81.9464

JPY
30.06
153.9165

KES
35.81
129.1711

NZD
28.61
0.6185

NOK
4.43
10.4478

SGD
34.75
1.3311

ZAR
2.63
17.5910

SEK
4.38
10.5588

CHF
51.21
1.1069

GBP
59.06
1.2766

USD
46.26
1.0000

AED
12.80
3.6152

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

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Allan Juste

Head - Forex And Derivatives

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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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