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Treasury

Daily Market Patrol

Market Patrol 27 November 2020

Leaders are not born. They are made. They are made just like anything else, through hard work.

Vince Lombardi
Indicative Selling Rates
against MUR
USD
27 Nov 2020
  • AUD
  • 29.91
  • 0.7413
  • BWP
  • 3.69
  • 0.0914
  • CAD
  • 31.16
  • 1.2948
  • CNY
  • 6.16
  • 6.5460
  • DKK
  • 6.51
  • 6.1936
  • EUR
  • 48.25
  • 1.1957
  • HKD
  • 5.24
  • 7.7064
  • INR
  • 0.55
  • 73.2482
  • JPY
  • 39.02
  • 103.4172
  • KES
  • 37.05
  • 108.9109
  • NZD
  • 28.50
  • 0.7064
  • NOK
  • 4.59
  • 8.7890
  • SGD
  • 30.32
  • 1.3307
  • ZAR
  • 2.69
  • 15.0155
  • SEK
  • 4.78
  • 8.4435
  • CHF
  • 44.76
  • 1.1093
  • GBP
  • 54.07
  • 1.3401
  • USD
  • 40.35
  • 1.0000
  • AED
  • 11.06
  • 3.6495
Pound holds near 3-month high at $1.3370 as weak dollar counters Brexit unease
Fundamental News

EUR/USD
The Shared currency firmed at $1.1927 on thin trade on Friday as investors sought non-dollar assets due to improving risk appetite stemming from good news on COVID-19 vaccines and hopes for a smoother transition to a Biden administration.

 

GBP/USD
The Cable slightly unchanged at $1.3370 on a weak U.S dollar and ahead of EU chief negotiator Michel Barnier is reportedly due to speak with some EU fisheries ministers later in the day to discuss the current state of the trade discussions.

 

USD/JPY
The Japanese Yen rose to 103.80 despite Tokyo CPI slipped below -0.6% forecast earlier today.

 

AUD/USD
The Aussie dollar extended gains to $0.7380 amid recovery in risk sentiment.

 

USD/ZAR
South Africa's rand lost ground to 15.19 against the greenback as focus shifted to bleak economic prospects for Africa’s most industrialized economy.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

14:00 - EUR - ECB's Schnabel Speaks

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 Market Update on Radio One by Reshma Peerun Rajwani
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.