Market Patrol 22 October 2020

We all have a voice. We just need the space and opportunity to share our thoughts.

Ingrid Silva

Indicative Selling Rates
against MUR
USD

18 Apr 2024

AUD
30.55
0.6504

BWP
3.46
0.0738

CAD
34.43
1.3642

CNY
6.58
7.1369

DKK
6.82
6.8835

EUR
50.41
1.0732

HKD
6.09
7.7142

INR
0.57
82.2069

JPY
30.79
152.5363

KES
36.08
130.1709

NZD
28.05
0.5972

NOK
4.37
10.7550

SGD
34.90
1.3459

ZAR
2.55
18.3894

SEK
4.36
10.7728

CHF
51.95
1.1061

GBP
58.86
1.2531

USD
46.97
1.0000

AED
12.99
3.6158

USD/MUR lingered at 40.25(selling) post BOM intervention on the local market.

Fundamental News

EUR/USD
The single currency soared to $1.1880, before retreating to $1.1850 as optimism about potential U.S. pandemic relief spending increased market mood. Thursday's U.S presidential debate is set to give fresh impetus.

GBP/USD
The cable vaulted to $1.3135 after a Bloomberg report that Brexit negotiations were due to start again after halting abruptly last week, aiming to reach a new trade deal by mid-November.

USD/JPY
The safe-haven yen rocketed to 104.31 against the greenback after U.S. President Trump and House Speaker Pelosi boosted hopes an agreement on stimulus was close.

AUD/USD
The Aussie breathed higher to $0.7137 amid market eyeing for Manufacturing and Services PMI data tomorrow morning.

USD/ZAR
The South African rand climbed to 16.25 per dollar as risk-taking globally was further boosted by hopes of a breakthrough in stimulus talks in the United States.

USD/MUR
The dollar-rupee stayed afloat 40.25(selling) following Bank of Mauritius intervention on the forex market.

Fundamental & Technical Data

Economic Indicators-Local Time

13:25 - GBP - BOE Gov Bailey Speaks

16:30 - USD - Initial Jobless Claims

18:00 - USD - Existing Home Sales (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

1.1946

1.3475

106.48

17.27

1.1913

1.3326

106.00

174.03

1.1887

1.3238

105.30

16.80

1.1854

1.3089

104.82

16.57

1.1828

1.3001

104.12

16.77

1.1796

1.2851

103.64

16.42

1.1769

1.2763

102.94

16.35

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Head - Forex And Derivatives

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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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