Market Patrol 18 November 2020

There are no limits to what you can accomplish, except the limits you place on your own thinking.

Brian Tracy

Indicative Selling Rates
against MUR
USD

09 Sep 2024

AUD
31.53
0.6779

BWP
3.56
0.0766

CAD
34.59
1.3446

CNY
6.74
6.8961

DKK
7.01
6.6375

EUR
51.79
1.1136

HKD
6.06
7.6799

INR
0.56
82.6119

JPY
33.20
140.0916

KES
36.77
126.5058

NZD
28.97
0.6229

NOK
4.43
10.4901

SGD
36.27
1.2825

ZAR
2.70
17.2196

SEK
4.57
10.1717

CHF
55.35
1.1900

GBP
61.37
1.3195

USD
46.51
1.0000

AED
12.96
3.5874

Japanese yen clawed back ground to 104/dlr as looming winter chills vaccine cheer.

Fundamental News

EUR/USD
The Shared currency mounted to $1.1880 as U.S. retail sales came out below expectations in October, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support.

GBP/USD
The pound sterling rose to $1.3264 against a broadly weaker U.S dollar while traders awaited news on the progress of trade talks between Britain and the European Union.

USD/JPY
The safe-haven Japanese yen sat near a one-week high at 104.00 against the U.S dollar as worries about rising coronavirus cases tempered optimism around promising vaccine trials.

AUD/USD
The Aussie dollar dropped to $0.7292 on downbeat Aussie Wage Price Index data earlier today.

USD/ZAR
South Africa's rand ticked down to 15.38/dlr ahead of a lending rates decision later in the week.

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

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - CPI (YoY) (Oct)

14:00 - EUR - CPI (YoY) (Oct)

17:30 - USD - Building Permits (MoM) (Oct)

19:00 - 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

1.1941

1.3365

105.03

16.42

1.1917

1.3319

104.82

15.81

1.1890

1.3284

104.50

15.67

1.1866

1.3238

104.29

15.46

1.1839

1.3203

103.97

15.20

1.1815

1.3157

103.76

15.04

1.1788

1.3122

103.44

14.73

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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.

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