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Treasury

Daily Market Patrol

Market Patrol 21 October 2020

You have to pivot or perish, and not to be scared to take chances.

Greg Bandelin
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 U.S dollar lost ground amid stimulus breakthrough hopes vetoed by U.S President Trump.
Fundamental News

EUR/USD
The single currency rocketed to $1.1845, supported by a weaker US dollar across the board, while EU’s Dombrovskis stated that the commission was ready to react with new economic measures if necessary.

 

GBP/USD
The cable mounted from $1.2908 to $1.2983 as an EU executive said in an official statement on Tuesday the bloc was ready to keep on negotiating a new trade arrangement with Britain.

 

USD/JPY
The Japanese yen pierced to 105.29 per dollar as the brightening mood weakens the greenback, but the simultaneous rise in U.S. yields attracts investment flows from Japan out of yen and in to dollars.

 

AUD/USD
The Aussie vaulted to $0.7075 following the quarterly retail sales was up a solid 6.8% from a year ago, which means private consumption likely made a positive contribution to third-quarter gross domestic product growth.

 

USD/ZAR
The South African rand weakened to 16.44 against the dollar in early trade on Tuesday as broader risk sentiment was curbed by caution ahead of a deadline to reach an agreement for a U.S. coronavirus stimulus package.

 

USD/MUR
The dollar-rupee inched lower by 5 cents to 40.25(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - CPI (YoY)(Sep)

11:30 - EUR - ECB President Lagarde Speaks

16:30 - CAD - Core CPI (MoM)(Sep), Core Retail Sales(MoM)(Aug)

18:30 - USD - Crude Oil Inventories

 

 

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
1.1936
1.3050
105.73
17.27
R2
1.1888
1.3015
105.62
174.03
R1
1.1855
1.2982
105.53
16.80
PP
1.1807
1.2946
105.42
16.57
S1
1.1774
1.2913
105.33
16.77
S2
1.1727
1.2878
105.22
16.42
S3
1.1694
1.2845
105.13
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.