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

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

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

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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Head - Forex And Derivatives

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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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