Market Patrol 02 October 2020

Machine Learning is now doing amazing things if you give it enough data.

Daphne Koller

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 Japanese yen surged to 105.00 after U.S. President Donald Trump tested positive for COVID-19

Fundamental News

EUR/USD
The Shared currency dropped to $1.1725 after the European Commission said that a long-lasting appreciation of the euro's nominal effective exchange rate could hurt the euro zone's economic recovery and make the task of boosting inflation more difficult for the European Central Bank.

GBP/USD
The Cable dropped and popped from $1.2815 to $1.2978 on a tumultuous Thursday, in direct response to Brexit-related news, as Britain and the EU neared the end of the last scheduled round of trade talks.

AUD/USD
The Aussie dollar slipped to $0.7160 despite a better than forecasted Australian retail sales data.

USD/JPY
The Japanese yen surged to 105.00 versus the greenback after U.S. President Donald Trump said he tested positive for COVID-19 and entered quarantine.

USD/ZAR
South Africa's rand turned sour to 16.71 this morning dumped on risk aversion after Trump COVID news.

USD/MUR
The USD/MUR is unchanged at 40.35(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

13:00 - EUR - CPI(YoY)(Sep)

16:30 - USD - Nonfarm Payrolls (Sep)

16:30 - USD - Unemployment Rate (Sep)

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

Bank of Japan

-0.10%

28-Jan-2016

Reserve Bank of Australia

0.25%

18-Mar-2020

S.Africa Reserve Bank

3.50%

23-Jul-2020

Reserve Bank of India

4.00%

22-May-2020

01-Oct-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

1.1827

1.3132

106.03

17.36

1.1798

1.3056

105.88

17.21

1.1774

1.2973

105.70

17.08

1.1746

1.2896

105.55

17.97

1.1722

1.2814

105.38

16.77

1.1693

1.2737

105.23

16.50

1.1669

1.2655

105.06

16.06

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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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