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Treasury

Daily Market Patrol

Market Patrol 10 November 2020

I'm no genius, but I'm smart in spots, and I stay around these spots.

Tom Watson
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
The safe currency Yen took a drubbing across the board on 90% effective Phizer's Covid-19 vaccine.
Fundamental News

EUR/USD
The single currency fell sharply from a high of $1.1917 to $1.1795 on announcement that E.U. imposed $4 billion in tariffs on U.S. products, prolonging Trump trade war, effective today.

 

GBP/USD
The cable spiked to $1.3187 on comments from British finance minister Sunak on Monday, echoed Prime Minister Johnson, that Britain and the European Union have made significant progress in talks about a post-Brexit trade agreement.

 

USD/JPY
The safe currency Yen took a drubbing to a low of 105.36 versus the greenback on news of the development of a coronavirus vaccine which raised optimism of a global economic recovery.

 

AUD/USD
The Australian dollar marginally higher at $0.7285 as market cautiously welcome coronavirus vaccine news.

 

USD/ZAR
The South African rand surged to 15.40 against the dollar, on drugmaker Pfizer's announcement that its trial vaccine has been 90% effective based on initial trials in preventing COVID-19, raising optimism of a global recovery roadmap.


USD/MUR
The dollar-rupee remains afloat at 40.35(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Average Earnings Index + Bonus (Sep)

11:00 - GBP - Claimant Count Change (Oct)

16:00 - USD - EIA Short-Term Energy Outlook

19:00 - USD - JOLTs Job Openings (Sep)

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
R3
1.2014
1.3296
108.73
16.42
R2
1.1967
1.3252
107.19
15.81
R1
1.1890
1.3206
106.28
15.67
PP
1.1843
1.3162
104.74
15.46
S1
1.1765
1.3117
103.82
15.20
S2
1.1718
1.3073
102.28
15.04
S3
1.1641
1.3027
101.37
14.73
Weekly Technical Analysis on GBP by Aassan Deedarun on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.