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Treasury

Daily Market Patrol

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
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
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
R3
1.1946
1.3475
106.48
17.27
R2
1.1913
1.3326
106.00
174.03
R1
1.1887
1.3238
105.30
16.80
PP
1.1854
1.3089
104.82
16.57
S1
1.1828
1.3001
104.12
16.77
S2
1.1796
1.2851
103.64
16.42
S3
1.1769
1.2763
102.94
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.