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Treasury

Daily Market Patrol

Market Patrol 24 November 2020

It is better to fail in originality than to succeed in imitation.

Herman Melville
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
South Africa's rand edged up to 15.35 versus the U.S dollar as investors breathed easier after U.S. President Donald Trump accepted the start of a transition to Biden administration.
Fundamental News

EUR/USD
The Shared currency tumbled to $1.1850  after the U.S. preliminary Markit Purchasing Managers Index reported better than expected activity data in both, the services and manufacturing sectors, boosting confidence in the resilience of the U.S. economy.

 

GBP/USD
The Cable firmed at $1.3335 on positive news about a potential COVID-19 vaccine and investors bet Britain and the European Union would clinch a Brexit trade deal.

 

USD/JPY
The Japanese yen lost ground to 104.40 against the U.S dollar following comments from the bank of Japan's Governor Haruhiko Kuroda who reiterated the central bank’s readiness to implement additional easing measures, if needed.

 

AUD/USD
The Aussie dollar unbothered at $0.7317 after the Reserve Bank of Australia's (RBA) Deputy Governor Guy Debelle stated a lack of conviction in negative interest rate policy as a tool to boost inflation and employment.

 

USD/ZAR
South Africa's rand edged up to 15.35 versus the U.S dollar as investors breathed easier after U.S. President Donald Trump accepted the start of a transition to Biden administration.

 

USD/MUR
The dollar-rupee surged by 15 cents to 40.35(selling), following intervention from the central bank on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - EUR - German GDP (QoQ) (Q3)

13:00 - EUR - German Ifo Business Climate Index

18:00 - EUR - ECB President Lagarde Speaks

19:00 - USD - CB Consumer Confidence (Nov)

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
1.2004
1.3528
105.84
16.42
R2
1.1955
1.3463
105.24
15.81
R1
1.1898
1.3394
104.89
15.67
PP
1.1849
1.3329
104.29
15.46
S1
1.1792
1.3260
103.94
15.20
S2
1.1743
1.3195
103.34
15.04
S3
1.1686
1.3126
102.99
14.73
Weekly Technical Analysis on GBP by Aassan Deedarun 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.