Market Patrol 6 November 2020

Whatever you are, be a good one.

Abraham Lincoln

Indicative Selling Rates
against MUR
USD

23 Apr 2024

AUD
30.68
0.6522

BWP
3.45
0.0733

CAD
34.62
1.3589

CNY
6.58
7.1457

DKK
6.82
6.8986

EUR
50.38
1.0709

HKD
6.09
7.7204

INR
0.57
82.0223

JPY
30.75
152.9787

KES
35.74
131.6321

NZD
28.10
0.5974

NOK
4.37
10.7565

SGD
34.91
1.3474

ZAR
2.53
18.5665

SEK
4.39
10.7267

CHF
51.90
1.1034

GBP
58.40
1.2415

USD
47.04
1.0000

AED
13.01
3.6157

The Shared currency surged to $1.1825 as a contentious U.S. presidential election diminished hopes for large stimulus to support the economy any time soon.

Fundamental News

EUR/USD
The Shared currency surged to $1.1825 as a contentious U.S. presidential election diminished hopes for large stimulus to support the economy any time soon.

GBP/USD
The Cable extended gains to $1.3130 after the Bank of England refrained from cutting interest rates into negative territory.

USD/JPY
The Japanese yen rocketed to 103.50/dlr as Japanese Prime Minister Yoshihide Suga vowed to work closely with overseas authorities to keep currency moves stable, signaling his readiness to respond to any yen spike that threatens to derail the country's fragile economic recovery.

AUD/USD
The Australian dollar burst to $0.7258 by heightened uncertainty over the outcome of a knife-edge U.S. election.

USD/ZAR
South Africa's rand firmed at 15.70 against the greenback in a rally driven by increasing indications that Joe Biden was moving closer to victory in a tight U.S. presidential election.

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

Fundamental & Technical Data

Economic Indicators-Local Time

17:30 - USD - Nonfarm Payrolls (Oct)

17:30 - USD - Unemployment Rate (Oct)

17:30 - CAD - Employment Change (Oct)

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

1.2039

1.3448

105.34

17.27

1.1949

1.3302

104.95

17.03

1.1890

1.3226

104.23

16.80

1.1800

1.3080

103.84

16.04

1.1741

1.3004

103.12

15.6473

1.1651

1.2858

102.73

15.0878

1.1592

1.2782

102.01

13.9284

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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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