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Treasury

Daily Market Patrol

Market Patrol 6 November 2020

Whatever you are, be a good one.

Abraham Lincoln
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
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
R3
1.2039
1.3448
105.34
17.27
R2
1.1949
1.3302
104.95
17.03
R1
1.1890
1.3226
104.23
16.80
PP
1.1800
1.3080
103.84
16.04
S1
1.1741
1.3004
103.12
15.6473
S2
1.1651
1.2858
102.73
15.0878
S3
1.1592
1.2782
102.01
13.9284
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.