Market Patrol 3 November 2020

Art is anything you can get away with.

Andy Warhol

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

The Aussie skid lower to $0.7044 as RBA cut key rate to a record low of 0.10%.

Fundamental News

EUR/USD
The single currency nosedived to a low of $1.1620, despite encouraging EUR data. Markit upwardly revised its manufacturing indexes for the EU.

GBP/USD
The cable seesawed around 1.2900 trimming part of its early losses related to the latest lockdown announcement, retained a soft tone amid the lack of progress in Brexit talks.

USD/JPY
The Japanese Yen soared to 104.70 against the dollar on cautious optimism over 2020 US elections. Japan market closed today for Culture Day.

AUD/USD
The Aussie skid lower to $0.7044 as RBA cut key rate to a record low of 0.10% and expanded Quantitative Easing by AUD100 billion.

USD/ZAR
The South African rand extended gains to 16.20 against the dollar as Absa Purchasing Managers' Index recovered further in October, recording its sixth straight month in expansionary territory.

USD/MUR
The dollar-rupee soared by 5 cents to 40.45(selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

17:00 - USD - Presidential Election

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00-0.25%

16-Mar-2020

05-Nov-2020

European Central Bank

0.00%

10-Mar-2016

29-Oct-2020

Bank of England

0.10%

19-May-2020

05-Nov-2020

Bank of Japan

-0.10%

28-Jan-2016

29-Oct-2020

Reserve Bank of Australia

0.10%

03-Nov-2020

S.Africa Reserve Bank

3.50%

23-Jul-2020

Reserve Bank of India

4.00%

22-May-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

1.1688

1.3044

105.41

17.27

1.1672

1.2993

105.18

174.03

1.1655

1.2955

104.99

16.80

1.1639

1.2905

104.76

16.57

1.1622

1.2866

104.57

16.77

1.1605

1.2816

104.34

16.42

1.1588

1.2778

104.16

16.35

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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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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