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Treasury

Daily Market Patrol

Market Patrol 26 October 2020

Real leadership reputations are made or lost during the times of a crisis.

Ken Chenault
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 energized as surging COVID-19 cases globally and U.S stimulus stalemate pervaded cautiousness.
Fundamental News

EUR/USD
The single currency tumbled to $1.1830, pressured by the downbeat market mood amid a rapid surge in coronavirus cases globally. U.S. House Speaker Nancy Pelosi said on Sunday that she expected a White House response on Monday regarding the latest stimulus spending plan.

 

GBP/USD
The pound fell to $1.3020, after the UK Purchasing Managers' Index (PMI) fell to a four-month low, even though France was willing to compromise on the issue of fisheries, a key sticking point in Brexit negotiations.

 

USD/JPY
The Japanese Yen edged lower to 104.90 per dollar on reports that the Japanese government boosted an extra budget worth around $95.5 billion to counter the economic damage induced by the coronavirus pandemic.

 

AUD/USD
The Aussie plunged to $0.7112 as U.S political uncertainty ahead of Nov.3rd presidential election, and U.S stimulus stalemate weighed on risky assets.

 

USD/ZAR
The South African rand cascaded from 16.13 to 16.25 against the U.S dollar ahead of the medium-term budget speech due on Wednesday.

 

USD/MUR
The dollar-rupee remains flat at 40.25(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - German Ifo Business Climate

18:00 - USD - New 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
05-Nov-2020
Bank of Japan
-0.10%
28-Jan-2016
29-Oct-2020
Reserve Bank of Australia
0.25%
18-Mar-2020
03-Nov-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.