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Treasury

Daily Market Patrol

Market Patrol 11 November 2020

Anytime you redefine the boundaries, you are refining them for everyone else that follows you.

Stacey Cunningham
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
USD/ZAR surged to $15.57 as local police issued a warrant for the arrest on corruption charges of Ace Magashule.
Fundamental News

EUR/USD
The single currency revived from $1.1778 to $1.1824 despite German ZEW Economic Sentiment for November showed evidence of a renewed slowdown in the German economy. The European Central Bank President Lagarde's speech, due at 13:00 GMT, may provide a clear directional bias to the common currency.

 

GBP/USD
The British pound vaulted to $1.3273, due to growing optimism that Britain and the European Union will agree a long-sought-after trade deal.

 

USD/JPY
The safe-harbour yen seesawed at 105.23 against the greenback as financial markets reaction has become more tempered because there are several logistical hurdles to making the drug available like shipping at extremely cold temperatures.

 

AUD/USD
The Aussie soared to $0.7306 although Westpac Consumer Sentiment for November fell to 2.5%, 11.9% prior.

 

USD/ZAR
South Africa's rand plummeted to 15.57 per dollar, after local police issued a warrant for the arrest on corruption charges of Ace Magashule, a top official of the governing African National Congress party.

 

USD/MUR

The Mauritian rupee stayed put at 40.35(selling) on the local 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
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
1.1905
1.3425
106.25
16.42
R2
1.1874
1.3352
105.87
15.81
R1
1.1841
1.3300
105.58
15.67
PP
1.1811
1.3226
105.20
15.46
S1
1.1778
1.3174
104.92
15.20
S2
1.1747
1.3101
104.54
15.04
S3
1.1715
1.3049
104.25
14.73
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.