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Daily Market Patrol

Market Patrol 23 November 2020

Your passion is waiting for your courage to catch up

Isabelle Lafleche
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 Cable extended gains to $1.3316 driven by renewed hopes that Britain and the European Union will reach a trade deal.
Fundamental News

EUR/USD
The Shared currency picked up from a low of $1.1850 to $1.1870 on optimism over a potential early rollout of COVID-19 vaccines offset by global economic restrictions to curb the spread of the virus.

 

GBP/USD
The Cable extended gains to $1.3316 driven by renewed hopes that Britain and the European Union will reach a trade deal.

 

USD/JPY
The Safe-haven yen barely changed at 103.73 against the U.S dollar on a closed Japanese market.

 

AUD/USD
The Aussie pair cheered up to $0.7312 on U.S. dollar weakness coupled with improvement in the coronavirus conditions at home.

 

USD/ZAR

 South African rand firmed at 15.37 versus the greenback despite credit rating agencies Fitch and Moody's lowered South Africa's sovereign ratings further into junk on Friday.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - EUR - German Services PMI

13:30 - GBP - Manufacturing PMI (Nov)

13:30 - GBP - Composite PMI 

13:30 - GBP - Services PMI

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
1.3360
104.14
16.42
R2
1.1924
1.3328
104.03
15.81
R1
1.1908
1.3310
103.93
15.67
PP
1.1883
1.3278
103.82
15.46
S1
1.1867
1.3260
103.72
15.20
S2
1.1826
1.3228
103.61
15.04
S3
1.1801
1.3210
103.51
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.