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Treasury

Daily Market Patrol

Market Patrol 9 November 2020

Faces change with life's toll, but eyes remain a window to what was.

Delia Owens
Indicative Selling Rates
against MUR
USD
21 Oct 2021
  • AUD
  • 32.60
  • 0.7573
  • BWP
  • 3.94
  • 0.0915
  • CAD
  • 35.25
  • 1.2214
  • CNY
  • 6.83
  • 6.3076
  • DKK
  • 6.84
  • 6.2899
  • EUR
  • 50.38
  • 1.1702
  • HKD
  • 5.63
  • 7.6497
  • INR
  • 0.58
  • 73.7278
  • JPY
  • 38.04
  • 113.1606
  • KES
  • 39.30
  • 109.5385
  • NZD
  • 31.21
  • 0.7250
  • NOK
  • 5.27
  • 8.1705
  • SGD
  • 32.40
  • 1.3288
  • ZAR
  • 3.03
  • 14.1860
  • SEK
  • 5.07
  • 8.4831
  • CHF
  • 47.20
  • 1.0963
  • GBP
  • 59.70
  • 1.3867
  • USD
  • 43.05
  • 1.0000
  • AED
  • 11.85
  • 3.6325
U.S dollar in shambles as President-elect Biden takes over the White house.
Fundamental News

EUR/USD
The single currency jostled to $1.1895 as investors heralded Joe Biden's election as U.S. president by buying trade-exposed currencies on expectations that a calmer White House could boost world commerce and that monetary policy will remain easy.

 

GBP/USD
The cable pierced to $1.3185, on broad dollar weakness as market awaits Bank of England Governor Bailey and chief economist Haldane speeches at 1035 GMT and 1400 GMT, where talk of negative rates is in focus.

 

USD/JPY
The safe-haven yen vaulted to 103.18 per dollar as Prime Minister Suga expressed his interest on Monday to strengthen Japan-US alliance in the Indo-Pacific region with the newly-elected U.S President.

 

AUD/USD
The Aussie surged to $0.7297 on improved risk appetite coupled with strong Chinese trade data over the weekend.

 

USD/ZAR
The South African rand soared to 15.53 against the greenback as investors foresee the split U.S. Congress under Democrat candidate Biden's leadership paving the way for additional Federal Reserve stimulus and easing of U.S.- China tensions.

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

Fundamental & Technical Data
Economic Indicators-Local Time

13:25 - EUR - ECB President Lagarde Speaks

14:35 - GBP - BoE Gov Bailey Speaks

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
1.2010
1.3274
104.23
17.27
R2
1.1951
1.3225
103.99
17.03
R1
1.1915
1.3189
103.65
16.80
PP
1.1855
1.3141
103.41
16.04
S1
1.1819
1.3105
103.07
15.6473
S2
1.1760
1.3056
102.83
15.0878
S3
1.1724
1.3020
102.49
13.9284
Weekly Market Update 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.