Market Patrol 26 November 2020

If something is important enough, even if the odds are stacked against you, you should still do it.

Elon Musk

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

U.S dollar feeling the pull of gravity amid downbeat data at home and Thanksgiving Day.

Fundamental News

EUR/USD
The Shared currency clinched to $1.1927 as downbeat U.S. economic data and optimism about coronavirus vaccines prompted investors to seek out riskier assets.

GBP/USD
The Cable extended its winning streak to $1.3390, paying little heed to the historical budget deficit and the bleak economic outlook depicted by the finance minister Rishi Sunak on Wednesday.

USD/JPY
The Japanese yen ticked up to 104.32 against the U.S dollar on a closed U.S market due to Thanksgiving day.

AUD/USD
The Aussie dollar managed to eke out gains to $0.7356 although Australia’s Private Capex misses estimates with -3% in Q3 earlier today.

USD/ZAR
South Africa's rand climbed to 15.10 against the greenback after S.A's data showed consumer price inflation in October rose, but not by enough to dampen expectations of further monetary policy easing.

USD/MUR
The dollar-rupee in stasis at 40.35(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

15:30 - EUR - ECB Publishes Account of Monetary Policy Meeting

16:30 - EUR - ECB Monetary Policy Statement

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

1.1983

1.3506

104.97

16.42

1.1956

1.3449

104.78

15.81

1.1935

1.3418

104.63

15.67

1.1908

1.3361

104.44

15.46

1.1887

1.3330

104.29

15.18

1.1860

1.3273

104.10

15.04

1.1839

1.3242

103.95

14.73

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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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