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Treasury

Daily Market Patrol

Market Patrol 13 October 2020

Don't be afraid to give up the good to go for the great

John D. Rockefeller
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The Aussie dollar lost traction to $0.7180 on the back of downbeat China's trade balance earlier today
Fundamental News

EUR/USD
The Shared currency meandered at $1.1800 as investors stuck to hopes that there will be large U.S. fiscal stimulus after the Nov. 3 election to shore up a pandemic-hit economy, supporting riskier currencies.

 

GBP/USD
The Pound Sterling rose to $1.3050 on expectations for a Brexit deal although British Prime Minister Boris Johnson announced new coronavirus restrictions.

 

USD/JPY
The Japanese Yen stayed put at 105.42/dlr as the U.S market was closed for Columbus Day.

 

AUD/USD
The Aussie dollar lost traction to $0.7180 on the back of downbeat China's trade balance earlier today.

 

USD/ZAR
South Africa's rand firmed slightly at 16.52 against the U.S dollar, clinging to the previous week's gains spurred by hopes for the conclusion a stimulus package in the United States.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - Average Earnings Index + Bonus (Aug)

10:00 - GBP - Claimant Count Change (Sep)

13:00 - EUR - German ZEW Economic Sentiment 

16:30 - USD - Core CPI (MoM) (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
R3
1.1933
1.3219
106.38
17.36
R2
1.1882
1.3135
106.21
17.21
R1
1.1856
1.3092
105.92
17.08
PP
1.1805
1.3008
105.75
17.97
S1
1.1779
1.2965
105.49
16.77
S2
1.1728
1.2881
105.29
16.50
S3
1.1702
1.2838
105.00
16.06
Weekly FX Market Analysis 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.