Market Patrol 20 November 2020

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

Robert Kiyosaki

Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

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

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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