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Treasury

Daily Market Patrol

Market Patrol 17 November 2020

Don't be pushed around by the fears in your mind. Be led by the dreams in your heart.

Roy T.Bennett
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
The pound sterling firmed at $1.3215 amid focus is on Brexit negotiations that resumed in Brussels.
Fundamental News

EUR/USD
The Shared currency climbed to $1.1860 as the hopes for coronavirus vaccine, and the prospects of the global economy returning to normalcy in 2021 continue to weigh over the safe-haven dollar.

 

GBP/USD
The pound sterling firmed at $1.3215 amid focus is on Brexit negotiations that resumed in Brussels.

 

USD/JPY
The Japanese yen slightly gained to 104.50 versus the U.S dollar on optimism over the latest positive news on the COVID-19 vaccine front.

 

AUD/USD
The Aussie dollar ascended towards $0.7317 as RBA minutes reiterated "no to negative rates", showing readiness for further stimulus.

 

USD/ZAR
South Africa's rand firmed at 15.32 against the U.S dollar on the back of optimism from several vaccine trials with success rates of more than 90%.

 

USD/MUR
The dollar-rupee idled at 40.30(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

17:30 - USD - Core Retail Sales (MoM) (Oct)

17:30 - USD - Retail Sales (MoM) (Oct)

18:00 - GBP - BoE Gov Bailey Speaks

20:00 - 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
R3
1.1885
1.3321
105.60
16.42
R2
1.1861
1.3260
105.38
15.81
R1
1.1847
1.3230
105.00
15.67
PP
1.1823
1.3169
104.78
15.46
S1
1.1809
1.3139
104.40
15.20
S2
1.1785
1.3078
104.18
15.04
S3
1.1771
1.3048
103.80
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.