Market Patrol 28 October 2020

Your age doesn't matter. It's your energy and determination.

Cordia Harrington

Indicative Selling Rates
against MUR
USD

20 May 2024

AUD
31.29
0.6765

BWP
3.48
0.0752

CAD
34.28
1.3494

CNY
6.49
7.1298

DKK
6.85
6.7581

EUR
50.57
1.0931

HKD
6.02
7.6834

INR
0.56
81.9464

JPY
30.06
153.9165

KES
35.81
129.1711

NZD
28.61
0.6185

NOK
4.43
10.4478

SGD
34.75
1.3311

ZAR
2.63
17.5910

SEK
4.38
10.5588

CHF
51.21
1.1069

GBP
59.06
1.2766

USD
46.26
1.0000

AED
12.80
3.6152

EUR/USD plummeted to $1.1770 overnight amid Covid-19 deadlock.

Fundamental News

EUR/USD
The single currency plummeted to $1.1770 following a media report that France's government was leaning toward reinstating a national lockdown to curb a resurgence in coronavirus cases.

GBP/USD
Sterling held steady at $1.3035, supported by hopes for a last-minute trade deal between Britain and the European Union.

USD/JPY
The safe-haven Yen vaulted to 104.20 against the dollar, buoyed by Prime Minister Suga's administration expectation to finalise a fresh supplementary budget in December.

AUD/USD
The Australian dollar seesawed around $0.7135 after data showed consumer prices in the third quarter rose 1.6% from the prior quarter, which was slightly more than the median estimate.

USD/ZAR
The South African rand weakened from 16.08 to 16.19 against the greenback, as market attention shifts to South Africa's mid-term budget at 4 pm, when Finance Minister Mboweni will layout spending priorities in Africa's most industrialised economy.

USD/MUR

The dollar-rupee soared by 5 cents to 40.35(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

18:30 - 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

29-Oct-2020

Bank of England

0.10%

19-May-2020

05-Nov-2020

Bank of Japan

-0.10%

28-Jan-2016

29-Oct-2020

Reserve Bank of Australia

0.25%

18-Mar-2020

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

1.1871

1.3162

105.24

17.27

1.1855

1.3121

105.07

174.03

1.1825

1.3083

104.74

16.80

1.1809

1.3042

104.56

16.57

1.1779

1.3004

104.24

16.77

1.1763

1.2963

104.06

16.42

1.1733

1.2926

103.74

16.35

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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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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