Market Patrol 23 November 2020

Your passion is waiting for your courage to catch up

Isabelle Lafleche

Indicative Selling Rates
against MUR
USD

18 Apr 2024

AUD
30.55
0.6504

BWP
3.46
0.0738

CAD
34.43
1.3642

CNY
6.58
7.1369

DKK
6.82
6.8835

EUR
50.41
1.0732

HKD
6.09
7.7142

INR
0.57
82.2069

JPY
30.79
152.5363

KES
36.08
130.1709

NZD
28.05
0.5972

NOK
4.37
10.7550

SGD
34.90
1.3459

ZAR
2.55
18.3894

SEK
4.36
10.7728

CHF
51.95
1.1061

GBP
58.86
1.2531

USD
46.97
1.0000

AED
12.99
3.6158

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

1.1941

1.3360

104.14

16.42

1.1924

1.3328

104.03

15.81

1.1908

1.3310

103.93

15.67

1.1883

1.3278

103.82

15.46

1.1867

1.3260

103.72

15.20

1.1826

1.3228

103.61

15.04

1.1801

1.3210

103.51

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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