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Daily Market Patrol

Market Patrol 12 November 2020

Sometimes the best way to fight is on the flank, not in the center of the activity where your opponent masses its own force

Herb Kelleher
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
EUR/USD hammered to $1.1744 on dovish ECB President's speech and corona virus resurgence in Europe.
Fundamental News

EUR/USD
The single currency hammered to a low of $1.1744 on Wednesday pressured by the persistent increase of coronavirus cases in Europe, and comments from ECB's Lagarde, as she mentioned the risk poised to inflation's recovery coming from exchange developments.

 

GBP/USD
The cable plunged to $1.3195 as optimism that a vaccine against COVID-19 would bolster the UK economy was tempered by a lack of progress in Brexit negotiations.

 

USD/JPY
The Japanese Yen rallied to 105.18 per dollar on risk aversion after comments from BOJ’s monetary policy board member Adachi that a resurgence in COVID-19 infections could dampen households' spending appetite.

 

AUD/USD
The Aussie cascaded to $0.7258 as China’s increasingly belligerent threats to close its markets to Australian exports excited talk of a full-blown trade war.


USD/ZAR
The South African rand slammed to 15.71 per dollar following an address by President Cyril Ramaphosa on developments in the country's COVID-19 response yesterday which offered no fresh impetus.

 

USD/MUR
The dollar-rupee inched higher to 40.40(selling) on the Mauritian market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - GDP(QoQ)(Q3)

11:00 - GBP - GDP(MoM)

11:00 - GBP - GDP(YoY)

11:00 - GBP - Manufacturing Production (MoM)(Sep)

11:00 - GBP - Monthly GDP 3M/3M Change

12:00 - GBP - BoE Gov Bailey Speaks

17:30 - USD - Initial Jobless Claims

20:00 - 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
R3
1.1914
1.3411
106.39
16.42
R2
1.1874
1.3362
106.04
15.81
R1
1.1827
1.3289
105.72
15.67
PP
1.1786
1.3241
105.36
15.46
S1
1.1740
1.3168
105.05
15.20
S2
1.1699
1.3119
104.69
15.04
S3
1.1653
1.3046
104.38
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.