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Treasury

Daily Market Patrol

Market Patrol 19 October 2020

If you face who you are, and embrace the people around you that are like you, you'll be far.

Chelsie Hill
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 single currency plummeted to $1.1706, undermined by increasing coronavirus cases in the EU.
Fundamental News

EUR/USD
The single currency plummeted to $1.1706, undermined by increasing coronavirus cases in the EU, leading to restrictive measures in the Union. Major attention will be given to the today's speech by Fed Chair Powell for a better view of the markets.

 

GBP/USD
The cable wiggled around $1.2925, even though BOE Governor Bailey downbeat comments on likely no-deal Brexit welcomed fears, while Moody's downgraded Uk on Friday.

 

USD/JPY
The Yen pair recently picked up bids to 105.43 per dollar as US President Trump rekindled hopes of a bigger stimulus package to combat the coronavirus (COVID-19) as well as giving assurance to have the vaccine soon.

 

AUD/USD
The sentiment-linked Aussie tumbled to $0.7190, after China's gross domestic product grew 4.9% in the September quarter from a year earlier, slower than forecast.

 

USD/ZAR
The rand soared to 16.52 against the dollar, buoyed by external factors like the upcoming presidential elections in the United States, and wrangling over an economic stimulus package between U.S Democrats and Republicans. 

 

USD/MUR
The pair stayed put at 40.30(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:00 - USD - Fed Chair Powell Speaks

16:45 - 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
1.1798
1.3064
105.77
17.27
R2
1.1772
1.3013
105.62
174.03
R1
1.1745
1.2966
105.50
16.80
PP
1.1720
1.2915
105.35
16.57
S1
1.1693
1.2867
105.23
16.77
S2
1.1668
1.2816
105.08
16.42
S3
1.1641
1.2768
104.96
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.