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Treasury

Daily Market Patrol

Market Patrol 27 October 2020

Luck is a matter of preparation meeting opportunity.

Seneca
Indicative Selling Rates
against MUR
USD
21 Oct 2021
  • AUD
  • 32.60
  • 0.7573
  • BWP
  • 3.94
  • 0.0915
  • CAD
  • 35.25
  • 1.2214
  • CNY
  • 6.83
  • 6.3076
  • DKK
  • 6.84
  • 6.2899
  • EUR
  • 50.38
  • 1.1702
  • HKD
  • 5.63
  • 7.6497
  • INR
  • 0.58
  • 73.7278
  • JPY
  • 38.04
  • 113.1606
  • KES
  • 39.30
  • 109.5385
  • NZD
  • 31.21
  • 0.7250
  • NOK
  • 5.27
  • 8.1705
  • SGD
  • 32.40
  • 1.3288
  • ZAR
  • 3.03
  • 14.1860
  • SEK
  • 5.07
  • 8.4831
  • CHF
  • 47.20
  • 1.0963
  • GBP
  • 59.70
  • 1.3867
  • USD
  • 43.05
  • 1.0000
  • AED
  • 11.85
  • 3.6325
USD/MUR inched higher to 40.30(selling) on the domestic market.
Fundamental News

EUR/USD
The single currency ticked higher to $1.1833, despite the brunt of worries about fresh coronavirus lockdowns and the German Ifo business climate index fell by more than expected and for the first time in six months in October.

 

GBP/USD
The cable surged to $1.3040 as an extension to Brexit talks gave the FX market some cause for optimism about a deal being reached before the Dec. 31 deadline.

 

USD/JPY
The Japanese yen rallied from 105.05 to 104.69, amid market is waiting for any news to emerge from a meeting of China's Communist Party leaders to set the next five-year plan while keeping a wary eye on the potential fallout from U.S. arms sales to Taiwan.

 

AUD/USD
The Aussie sidelined around $0.7138, shrugging off RBA’s Debelle comments that the economy had recorded positive GDP growth in the third quarter.

 

USD/ZAR
South Africa's rand strengthened to 16.16 against the U.S dollar ahead of a budget speech in which the finance minister is expected to detail the impact of COVID-19 on an economy that was in recession and heavily in debt before the pandemic struck.

 

USD/MUR
The dollar-rupee inched higher by 5 cents to 40.30(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Core Durable Goods Orders (MoM)(Sep)

18:00 - USD - CB Consumer Confidence (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
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
1.1905
1.3151
105.44
17.27
R2
1.884
1.3113
105.25
174.03
R1
1.1847
1.3068
105.04
16.80
PP
1.1825
1.3031
104.85
16.57
S1
1.1788
1.2956
104.64
16.77
S2
1.1767
1.2949
104.45
16.42
S3
1.1730
1.2904
104.24
16.35
Weekly Market Update 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.