Market Patrol 12 October 2020

Impossible is just an opinion.

Paulo Coelho

Indicative Selling Rates
against MUR
USD

18 Apr 2024

AUD
30.55
0.6504

BWP
3.46
0.0738

CAD
34.43
1.3642

CNY
6.58
7.1369

DKK
6.82
6.8835

EUR
50.41
1.0732

HKD
6.09
7.7142

INR
0.57
82.2069

JPY
30.79
152.5363

KES
36.08
130.1709

NZD
28.05
0.5972

NOK
4.37
10.7550

SGD
34.90
1.3459

ZAR
2.55
18.3894

SEK
4.36
10.7728

CHF
51.95
1.1061

GBP
58.86
1.2531

USD
46.97
1.0000

AED
12.99
3.6158

The Japanese Yen gained ground to 105.46 versus the greenback as optimism concerning the U.S stimulus faded

Fundamental News

EUR/USD
The Shared currency extended gains to $1.1820 after the Italian Industrial Production expanded at a monthly 7.7% during August, adding to the idea of a strong rebound in the European economy.

GBP/USD
The Pound Sterling climbed to $1.3041 on guarded optimism about Brexit negotiations ahead of a European Union summit this week.

USD/JPY
The Japanese Yen gained ground to 105.46 versus the greenback as optimism concerning the U.S stimulus faded; both Democrats and Republicans are said to have shown resistance to Trump's latest stimulus offer.

AUD/USD
The Aussie dollar reversed some of its gains to $0.7223 after the People's Bank of China said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading.

USD/ZAR
South African rand ascended to 16.46 against the greenback despite domestic economic data continued to paint a picture of a weak recovery from a deep coronavirus-induced slump.

USD/MUR
The USD/MUR stayed put at 40.20(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

15:00 - EUR - ECB President Lagarde Speaks

20:00 - 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

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

1.1933

1.3219

106.38

17.36

1.1882

1.3135

106.21

17.21

1.1856

1.3092

105.92

17.08

1.1805

1.3008

105.75

17.97

1.1779

1.2965

105.49

16.77

1.1728

1.2881

105.29

16.50

1.1702

1.2838

105.00

16.06

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Head - Forex And Derivatives

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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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