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Treasury

Daily Market Patrol

Market Patrol 23 October 2020

Difficulties strengthen the mind as labor does the body.

Seneca
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
U.S dollar trod water as the U.S Presidential debate placated markets.
Fundamental News

EUR/USD
The single currency edged lower to $1.18 as a measured U.S. presidential debate left investors in a cautious mood.

 

GBP/USD
The cable slipped to $1.3060 on uncertainty over Brexit outlook. British Purchasing Managers' Index figures are due later at 12:30.

 

USD/JPY
The safe-haven yen jostled to 104.70 per dollar, paring some losses made on Thursday after U.S. House Speaker Nancy Pelosi said there was progress in stimulus talks.

 

AUD/USD
The Aussie hammered from $0.7140 to $0.7105 as markets are wagering heavily that the central bank will cut rates in early November from the current 0.25%, and expand its bond-buying to the longer-term debt.

 

USD/ZAR
The South African rand bolstered to 16.20 against the greenback extended its winning streak to a fifth consecutive session as optimism about a new stimulus package in the United States continued to feed demand for risk currencies. Locally, the market is on watch ahead of the medium-term budget speech due next Wednesday.

 

USD/MUR
The Mauritian rupee remained put at 40.25(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - Retail Sales (MoM)(Sep)

11:30 - EUR - German Manufacturing PMI(Oct)

12:00 - EUR - German Ifo Business Climate

12:30 - GBP - Composite PMI (Oct)

12:30 - GBP - Manufacturing PMI (Oct)

12:30 - GBP - Services PMI (Oct)

 

 

 

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
1.1909
1.3217
105.48
17.27
R2
1.1888
1.3185
105.20
174.03
R1
1.1853
1.3134
104.75
16.80
PP
1.1832
1.3102
104.75
16.57
S1
1.1797
1.3051
104.58
16.77
S2
1.1777
1.3019
104.31
16.42
S3
1.1742
1.2968
104.14
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.