Market Patrol 19 November 2020

If you really want to do something, you will find a way. If not, you'll find an excuse.

Jim Rohn

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

The dollar-rupee dragged down by 10 cents to 40.20(selling) following intervention from the central bank.

Fundamental News

EUR/USD
The Shared currency dropped towards $1.1850 as expectations of further monetary stimulus from the U.S. Federal Reserve begin to grow.

GBP/USD
The Cable’s snapped four day uptrend to $1.3240 on news suggesting the European Union’s push for the no-deal preparations.

USD/JPY
The Japanese yen extended gains to 103.77 per USD despite an improvement in the market’s broader appetite for risk.

AUD/USD
The Aussie dollar ticked up to $0.7296 after the Australian jobs report flashed welcome signs during today's Asian session.

USD/ZAR
South Africa's rand eased to 15.50 against the U.S dollar on weak year-on-year S.A's retail sales data for September.

USD/MUR
The dollar-rupee dragged down by 10 cents to 40.20(selling) following intervention from the central bank.

Fundamental & Technical Data

Economic Indicators-Local Time

14:00 - EUR - EU Leaders Summit

17:30 - USD - Philadelphia Fed Manufacturing Index

17:30 - USD - Initial Jobless Claims

19:00 - USD - Existing Home Sales (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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Head – Treasury Sales

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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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