Market Patrol 25 November 2020

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough

Yvan Byeajee

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 Single currency trimmed losses to $1.1905 as risk-on sentiment staged a comeback.

Fundamental News

EUR/USD
The Single currency trimmed losses to $1.1905 as Biden's nomination of former Federal Reserve Chair Janet Yellen as Treasury Secretary supported the positive market mood.

GBP/USD
The Cable extended gains to $1.3350 with investors hoping this week's Brexit talks will result in a deal.

USD/JPY
The Japanese Yen ticked down to 104.47 against stronger U.S dollar, weighed by a higher appetite for risk.

AUD/USD
The Aussie dollar rose to $0.7343 on optimism about a vaccine-led global economic recovery boosted commodity prices and bond yields.

USD/ZAR
The South African rand gained to 15.20 against the greenback as appetite for riskier assets grew after U.S. President Donald Trump accepted the transition to a Joe Biden presidency.

USD/MUR
The dollar-rupee was unfazed at 40.35(selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

17:30 - USD - Core Durable Goods Orders (MoM) (Oct)

17:30 - USD - GDP (QoQ) (Q3)

19:00 - USD - New Home Sales (Oct)

19:30 - USD - Crude Oil Inventories

23:00 - USD - FOMC Meeting Minutes

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

1.1970

1.3482

105.37

16.42

1.1932

1.3431

105.06

15.81

1.1912

1.3396

104.76

15.67

1.1874

1.3345

104.45

15.46

1.1854

1.3310

104.15

15.18

1.1816

1.3259

103.84

15.04

1.1796

1.3224

103.54

14.73

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
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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