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Treasury

Daily Market Patrol

Market Patrol 16 October 2020

Everything that is behind us is pushing us forward. 

Amy Novogratz
Indicative Selling Rates
against MUR
USD
23 Oct 2020
  • AUD
  • 28.81
  • 0.7158
  • BWP
  • 3.57
  • 0.0888
  • CAD
  • 30.77
  • 1.3081
  • CNY
  • 6.05
  • 6.6495
  • DKK
  • 6.43
  • 6.2559
  • EUR
  • 47.63
  • 1.1833
  • HKD
  • 5.22
  • 7.7055
  • INR
  • 0.55
  • 73.1247
  • JPY
  • 38.64
  • 104.1779
  • KES
  • 37.31
  • 107.8756
  • NZD
  • 27.00
  • 0.6709
  • NOK
  • 4.39
  • 9.1784
  • SGD
  • 29.80
  • 1.3506
  • ZAR
  • 2.51
  • 16.0215
  • SEK
  • 4.63
  • 8.6975
  • CHF
  • 44.57
  • 1.1073
  • GBP
  • 52.73
  • 1.3102
  • USD
  • 40.25
  • 1.0000
  • AED
  • 11.03
  • 3.6495
The USD/MUR rose by 15 cents to 40.30(selling) following intervention from the central bank yesterday.
Fundamental News

EUR/USD

The Shared currency extended losses to $1.1706 as heightened fears over the possibility of the rising number of coronavirus cases causing nationwide lockdowns in Europe weighed on sentiment and the risk-sensitive euro.

 

GBP/USD

The Sterling weakened sharply to $1.2895 on concerns about the obstacles keeping the European Union and Britain from reaching a Brexit trade deal, ahead of UK PM Boris Johnson’s speech.

 

USD/JPY

The Japanese yen held on gains at 105.22/dlr as investors are turning to safe-haven assets over ever surging number of global COVID-19 cases and the U.S. Congress’ continuous stall on passing the latest stimulus measures ahead of the Nov. 3 presidential election.

 

AUD/USD

The Australian dollar was set for its worst weekly performance since late September as traders wager the country's central bank would ease monetary policy next month.

 

USD/ZAR

The South African rand weakened to 16.65 against the greenback as market participants digested an economic recovery plan focusing on infrastructure investment and job creation unveiled by President Cyril Ramaphosa.


USD/MUR

The USD/MUR rose by 15 cents to 40.30(selling) following intervention from the central bank yesterday.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - CPI (YoY) (Sep)

16:30 - USD - Core Retail Sales (MoM) (Sep)

16:30 - USD - Retail Sales (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
-
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
1.1817
1.3138
106.01
17.27
R2
1.1787
1.3084
105.75
174.03
R1
1.1748
1.2999
105.59
16.80
PP
1.1718
1.2945
105.33
16.57
S1
1.1679
1.2859
105.17
16.77
S2
1.1649
1.2805
104.91
16.42
S3
1.1609
1.2720
104.75
16.35
Weekly Market Update on Radio One by Karishma Sewock Nobutsing
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.