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Treasury

Daily Market Patrol

Market Patrol 20 October 2020

We aim above the mark to hit the mark.

Ralph Waldo Emerson
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
Aussie plummeted to $0.7035 on mounting expectations of monetary easing on the next RBA meeting.
Fundamental News

EUR/USD
The single currency spiked to $1.1775, fuelled by brighter market mood, as Washington lawmakers are indecisive to reach an agreement on coronavirus stimulus ahead of a Tuesday deadline that would make a relief package possible ahead of the Nov. 3 elections.


GBP/USD
The cable cascaded to $1.3024 to $1.2942 on reports from Britain's chief Brexit negotiator Frost that there was no basis to resume trade talks with the European Union unless there was a fundamental change in Brussels' approach to negotiations.

 

USD/JPY
The Japanese Yen edged lower to 105.52 against the dollar, even after U.S. House of Representatives Speaker Pelosi and Treasury Secretary Mnuchin "continued to narrow their differences" in a telephone conversation on Monday concerning fiscal stimulus packages.

 

AUD/USD

The Aussie plummeted to a three-week low of $0.7035 on increasing expectations of monetary easing next month by the country's central bank.

 

USD/ZAR
The South African tumbled from 16.41 to 16.55 per dollar despite hopes of a U.S. fiscal package.

 

USD/MUR
The dollar-rupee stayed afloat at 40.30(selling) on the Mauritian market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Building Permits (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
1.1898
1.3146
105.73
17.27
R2
1.1846
1.3085
105.62
174.03
R1
1.1808
1.3016
105.53
16.80
PP
1.1756
1.2955
105.42
16.57
S1
1.1718
1.2886
105.33
16.77
S2
1.1665
1.2826
105.22
16.42
S3
1.1627
1.2756
105.13
16.35
Weekly Technical Analysis on GBP by Aassan Deedarun 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.