Market Patrol 14 October 2020

Success usually comes to those who are too busy to be looking for it

Henry David Thoreau

Indicative Selling Rates
against MUR
USD

09 Sep 2024

AUD
31.53
0.6779

BWP
3.56
0.0766

CAD
34.59
1.3446

CNY
6.74
6.8961

DKK
7.01
6.6375

EUR
51.79
1.1136

HKD
6.06
7.6799

INR
0.56
82.6119

JPY
33.20
140.0916

KES
36.77
126.5058

NZD
28.97
0.6229

NOK
4.43
10.4901

SGD
36.27
1.2825

ZAR
2.70
17.2196

SEK
4.57
10.1717

CHF
55.35
1.1900

GBP
61.37
1.3195

USD
46.51
1.0000

AED
12.96
3.5874

The Pound Sterling dipped $1.2918 on concerns about a no-deal Brexit and fears over a looming lockdown hurt sentiment.

Fundamental News

EUR/USD
The Shared currency slipped to $1.1744 as renewed questions about a coronavirus vaccine and lack of an agreement on additional U.S. fiscal stimulus prompted a shift to safer assets.

GBP/USD
The Pound Sterling dipped $1.2918 on concerns about a no-deal Brexit and fears over a looming lockdown hurt sentiment.

USD/JPY
The Japanese Yen unfazed at 105.45 against the greenback despite risk aversion sentiment in the market.

AUD/USD
The Aussie dollar lost ground to $0.7170 as Australia's Consumer Confidence receded to 11.9% in October from September's 18%.

USD/ZAR
South African rand slightly up at 16.47 against the U.S counterpart, as investors tread cautiously with an eye on local events and upcoming elections in the United States.

USD/MUR
The USD/MUR dropped by 5 cents to 40.15(selling) following the intervention of the Bank of Mauritius yesterday.

Fundamental & Technical Data

Economic Indicators-Local Time

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

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

1.1883

1.3179

106.38

17.27

1.1849

1.3125

106.21

174.03

1.1798

1.3031

105.92

16.80

1.1764

1.2977

105.75

16.57

1.1713

1.2883

105.49

16.77

1.1679

1.2829

105.29

16.42

1.1628

1.2735

105.00

16.35

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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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