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Daily Market Patrol

Market Patrol 4 November 2020

The secret of getting ahead is getting started.

Mark Twain
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
The U.S dollar clawed back losses as early results showed tight election.
Fundamental News

EUR/USD
The Shared currency retreated from a high of $1.1767 to $1.1664 as the U.S dollar clawed back losses after preliminary results from the U.S Presidential election hinted at a close race with no clear winner yet in sight.

 

GBP/USD
The Sterling rose to $1.30, ignoring that the European Union and Britain have so far failed to reach an agreement on three persistent sticking points in Brexit talks.

 

USD/JPY
The Japanese yen lost ground to 104.77 as the Bank of Japan's Governor Haruhiko Kuroda said the central bank would maintain its easing policy measures.

 

AUD/USD
The Aussie dollar surged to $0.7119 following China's Caixin services PMI for October came in at 56.8 vs 54.8, which showed that the business activity growth accelerated amid stronger client demand.

 

USD/ZAR
South Africa's rand popped and dropped to 16.25/dlr in a turbulent trading session as investors awaited the results from the United States presidential election.

 

USD/MUR
The dollar-rupee dropped by 10 cents to 40.35(selling) on the local market following the central bank's intervention.

Fundamental & Technical Data
Economic Indicators-Local Time

13:30 - GBP - Services PMI (Oct)

13:30 - GBP - Composite PMI (Oct)

17:15 - USD - ADP Nonfarm Employment Change (Oct)

19:00 - USD - ISM Non-Manufacturing PMI (Oct)

19:30 - USD - Crude oil inventories

 

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
-
Bank of England
0.10%
19-May-2020
05-Nov-2020
Bank of Japan
-0.10%
28-Jan-2016
-
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
R3
1.1864
1.3293
105.13
17.27
R2
1.1802
1.3186
104.98
17.03
R1
1.1761
1.3126
104.75
16.80
PP
1.699
1.3019
106.60
16.10
S1
1.1658
1.2959
104.37
16.77
S2
1.1596
1.2852
104.22
16.04
S3
1.1555
1.2792
103.99
15.95
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.