Market Patrol 15 October 2020

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

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Indicative Selling Rates
against MUR
USD

18 Sep 2024

AUD
31.77
0.6861

BWP
3.56
0.0769

CAD
34.36
1.3475

CNY
6.72
6.8848

DKK
7.00
6.6105

EUR
51.77
1.1181

HKD
6.03
7.6774

INR
0.56
82.4258

JPY
33.34
138.8749

KES
36.53
126.7412

NZD
28.97
0.6257

NOK
4.46
10.3825

SGD
36.33
1.2745

ZAR
2.73
16.9900

SEK
4.61
10.0425

CHF
55.11
1.1902

GBP
61.24
1.3228

USD
46.30
1.0000

AED
12.91
3.5873

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

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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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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