Market Patrol 05 October 2020

A successful man is one who can lay a firm foundation with the bricks that other throw at him

David Brinkley

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 rose to $1.1730 on easing concerns about Trump's health.

Fundamental News

EUR/USD
The Shared currency rose to $1.1730 on easing concerns about Trump's health, as investors prepare for the run-up to the next month's U.S presidential election.

GBP/USD
The Pound sterling meandered at $1.2936 after German Chancellor Angela Merkel said she had no breakthrough to announce from EU talks with Britain but remained optimistic that a deal on their post-Brexit trade relationship was still possible before year-end.

USD/JPY
The haven yen dropped to 105.58 against the U.S dollar despite a better than expected Japanese Services PMI earlier today.

AUD/USD
The Aussie dollar edged up to $0.7180 after the Australian government announced additional wage subsidies to help the labour market.

USD/ZAR
South Africa's rand surged to 16.48 versus the greenback on risk appetite after President Donald Trumps doctors painted an upbeat picture on Sunday.

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

Fundamental & Technical Data

Economic Indicators-Local Time

12:30 - GBP - Composite PMI
12:30 - GBP - Services PMI

18:00 - USD - ISM Non-Manufacturing Employment (Aug)

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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Head – Treasury Sales

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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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