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Treasury

Daily Market Patrol

Market Patrol 15 October 2020

The best way to get started is to quit talking and begin doing 

Walt Disney
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 dropped to a one-week low after the central bank chief hinted of a possible rate cut or bond buying.
Fundamental News

EUR/USD
The Shared currency inched up to $1.1754 despite fear of a new wave of lockdowns could stall the global recovery just as hopes for U.S. stimulus before the Nov. 3 election are fading.

 

GBP/USD
The Cable surged to $1.3020 after Britain and the European Union said they had made "some progress" in trade talks this week.

 

USD/JPY
The Japanese yen gained to 105.25 against the greenback as the souring market mood helped the JPY find demand as a safe-haven.

 

AUD/USD
The Aussie dollar lost ground to $0.7132 after Reserve Bank of Australia Governor Philip Lowe mentioned bond buying and a small rate cut as among options for policy support during the next stages of recovery.

 

USD/ZAR
South Africa's rand dropped to 16.56/dlr as the postponement of the country's budget and the stalemate over a United State stimulus package kept bids subdued.

 

USD/MUR
The USD/MUR idled at 40.15(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Philadelphia Fed Manufacturing Index

16:30 - USD - Initial Jobless claims

19:00 - USD - Crude Oil Inventories

20:00 - EUR - ECB President Lagarde 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
-
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
1.1883
1.3179
106.38
17.27
R2
1.1849
1.3125
106.21
174.03
R1
1.1798
1.3031
105.92
16.80
PP
1.1764
1.2977
105.75
16.57
S1
1.1713
1.2883
105.49
16.77
S2
1.1679
1.2829
105.29
16.42
S3
1.1628
1.2735
105.00
16.35
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.