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Treasury

Daily Market Patrol

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
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
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
R3
1.1983
1.3506
104.97
16.42
R2
1.1956
1.3449
104.78
15.81
R1
1.1935
1.3418
104.63
15.67
PP
1.1908
1.3361
104.44
15.46
S1
1.1887
1.3330
104.29
15.18
S2
1.1860
1.3273
104.10
15.04
S3
1.1839
1.3242
103.95
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.