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Treasury

Daily Market Patrol

Market Patrol 13 November 2020

Everything that is behind us is pushing us forward.

Amy Novogratz
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
USD/JPY sunk to $104.90 amid Covid-19 vaccine conundrum
Fundamental News

EUR/USD
The single currency spiked above $1.1800 buoyed by disappointing U.S CPI data that printed 0.0% month-on-month, while ECB Governing Council Villeroy de Galhau announced the likelihood of more monetary measures in December.

 

GBP/USD
The Sterling weakened to $1.3120 after news that Britain's economy grew by a slower-than-expected 1.1% between August and September.

 

USD/JPY
The Japanese yen edged higher to104.90 against the dollar this morning on concerns that successful tests of a COVID-19 vaccine may not be enough to offset the economic damage of a trying winter in Europe and the United States.


AUD/USD
The Aussie nosedived to $0.7228 amid escalating Sino-Australian trade tensions while disruptive discussions are scheduled to be restored in a Caixin Summit event in Beijing.

 

USD/ZAR
The South African rand slashed to 15.64 against the greenback, undermined by local data releases, with South Africa's unemployment rate at a record high of 30.8% in the third quarter and mining output contracting 2.8% in September.

 

USD/MUR
The dollar-rupee crushed by 10 cents to 40.30(selling) following the Bank of Mauritius intervention on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - PPI(MoM)(Oct)

20:00 - GBP - BoE Gov Bailey 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
R3
1.1898
1.3319
105.79
16.42
R2
1.1861
1.3274
105.64
15.81
R1
1.1834
1.3197
105.38
15.67
PP
1.1796
1.3152
105.23
15.46
S1
1.1770
1.3076
104.98
15.20
S2
1.1732
1.3030
104.82
15.04
S3
1.1705
1.2954
104.57
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.