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Treasury

Daily Market Patrol

Market Patrol 20 November 2020

Don't work for money, make it work for you

Robert Kiyosaki
Indicative Selling Rates
against MUR
USD
27 Nov 2020
  • AUD
  • 29.91
  • 0.7413
  • BWP
  • 3.69
  • 0.0914
  • CAD
  • 31.16
  • 1.2948
  • CNY
  • 6.16
  • 6.5460
  • DKK
  • 6.51
  • 6.1936
  • EUR
  • 48.25
  • 1.1957
  • HKD
  • 5.24
  • 7.7064
  • INR
  • 0.55
  • 73.2482
  • JPY
  • 39.02
  • 103.4172
  • KES
  • 37.05
  • 108.9109
  • NZD
  • 28.50
  • 0.7064
  • NOK
  • 4.59
  • 8.7890
  • SGD
  • 30.32
  • 1.3307
  • ZAR
  • 2.69
  • 15.0155
  • SEK
  • 4.78
  • 8.4435
  • CHF
  • 44.76
  • 1.1093
  • GBP
  • 54.07
  • 1.3401
  • USD
  • 40.35
  • 1.0000
  • AED
  • 11.06
  • 3.6495
The Shared currency gained to $1.1880 in the wake of Mnuchin halt on U.S. Stimulus
Fundamental News

EUR/USD
The Shared currency regained traction to $1.1880 with investors digesting U.S. Treasury Secretary Steven Mnuchin request on Thursday for the Federal Reserve to return funds earmarked for COVID-19 lending to businesses, nonprofits and local governments.

 

GBP/USD
The Cable initially dropped to $1.3200 after The Times newspaper reported that Macron and other EU leaders urged the European Commission to publish no-deal plans as the December 31 deadline approaches but later recovered to $1.3283 ahead of U.K's retail sales.

 

USD/JPY
The Japanese yen gained to 103.80/dlr after Japan’s Finance Minister Taro Aso said on Friday, the Finance Ministry and Bank of Japan are cooperating well for financial stability.

 

AUD/USD
The Aussie dollar slightly changed at $0.7293 despite the Australian labour market performed significantly better than expected in October.

 

USD/ZAR
South Africa's rand strengthened to 15.40 against the U.S dollar following S.A. central bank's decision to hold rates gave scant support and traders await a sovereign rating review today.

 

USD/MUR
The dollar-rupee unchanged at 40.20(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - GBP - Retail Sales

12:15  - EUR - ECB President Lagarde Speaks

17:30 - CAD - Core Retail Sales (MoM) (Sep)

 

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
1.1941
1.3365
105.03
16.42
R2
1.1917
1.3319
104.82
15.81
R1
1.1890
1.3284
104.50
15.67
PP
1.1866
1.3238
104.29
15.46
S1
1.1839
1.3203
103.97
15.20
S2
1.1815
1.3157
103.76
15.04
S3
1.1788
1.3122
103.44
14.73
Weekly Market Update on Radio One by Reshma Peerun Rajwani
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.