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Treasury

Daily Market Patrol

Market Patrol 28 October 2020

Your age doesn't matter. It's your energy and determination.

Cordia Harrington
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
EUR/USD plummeted to $1.1770 overnight amid Covid-19 deadlock.
Fundamental News

EUR/USD
The single currency plummeted to $1.1770 following a media report that France's government was leaning toward reinstating a national lockdown to curb a resurgence in coronavirus cases.

 

GBP/USD
Sterling held steady at $1.3035, supported by hopes for a last-minute trade deal between Britain and the European Union.

 

USD/JPY
The safe-haven Yen vaulted to 104.20 against the dollar, buoyed by Prime Minister Suga's administration expectation to finalise a fresh supplementary budget in December.

 

AUD/USD
The Australian dollar seesawed around $0.7135 after data showed consumer prices in the third quarter rose 1.6% from the prior quarter, which was slightly more than the median estimate.

 

USD/ZAR
The South African rand weakened from 16.08 to 16.19 against the greenback, as market attention shifts to South Africa's mid-term budget at 4 pm, when Finance Minister Mboweni will layout spending priorities in Africa's most industrialised economy.

 

USD/MUR

The dollar-rupee soared by 5 cents to 40.35(selling) on the domestic market.

 

Fundamental & Technical Data
Economic Indicators-Local Time

18:30 - USD - Crude Oil Inventories

 

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
1.1871
1.3162
105.24
17.27
R2
1.1855
1.3121
105.07
174.03
R1
1.1825
1.3083
104.74
16.80
PP
1.1809
1.3042
104.56
16.57
S1
1.1779
1.3004
104.24
16.77
S2
1.1763
1.2963
104.06
16.42
S3
1.1733
1.2926
103.74
16.35
Weekly FX Market Analysis 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.