Market Patrol 5 November 2020

Impossible is just an opinion.

Paulo Coelho

Indicative Selling Rates
against MUR
USD

26 Apr 2024

AUD
30.81
0.6583

BWP
3.44
0.0736

CAD
34.56
1.3545

CNY
6.55
7.1468

DKK
6.83
6.8533

EUR
50.43
1.0774

HKD
6.07
7.7145

INR
0.57
82.0087

JPY
30.36
154.1916

KES
35.30
132.5951

NZD
28.14
0.6011

NOK
4.36
10.7396

SGD
34.76
1.3465

ZAR
2.54
18.4356

SEK
4.36
10.7346

CHF
51.60
1.1024

GBP
58.79
1.2560

USD
46.81
1.0000

AED
12.95
3.6161

The Shared currency gained as Democrat Joe Biden inched closer to the White House in a nail-biting U.S. presidential election.

Fundamental News

EUR/USD
The Shared currency climbed to $1.1743 as Democrat Joe Biden edged ever so closer to the White House in a nail-biting U.S. presidential election.

GBP/USD
The Cable lost ground to $1.2970 ahead of the BoE interest rate decision.

USD/JPY
The Japanese yen gained traction to 104.30/dlr as Governor Haruhiko Kuroda said that the Bank of Japan would continue buying ETFs as part of its ultra-loose monetary policy.

AUD/USD
The Aussie dollar soared to $0.7164 on U.S dollar weakness despite Australia’s Trade Balance shrunk way past-5114M to 5.63M in September.

USD/ZAR
The South African rand recovered to 15.90 against the U.S. dollar as global markets whipsawed amid a far closer U.S. presidential election than polls had predicted.

USD/MUR
The dollar-rupee stayed unchanged at 40.35(selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

11:00 - GBP - Inflation report

11:00 - GBP - BoE Interest Rate Decision (Nov)

13:30 - GBP - Construction PMI (Oct)

23:00 - USD - Fed Interest Rate Decision

23:30 - USD - FOMC Press Conference

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

1.1864

1.3293

105.13

17.27

1.1802

1.3186

104.98

17.03

1.1761

1.3126

104.75

16.80

1.699

1.3019

106.60

16.10

1.1658

1.2959

104.37

16.77

1.1596

1.2852

104.22

16.04

1.1555

1.2792

103.99

15.70

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Allan Juste

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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