Market Patrol 29 September 2020

The only limit to our realization of tomorrow will be our doubts of Today.

Franklin D. Roosevelt

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

U.S. Dollar eased ahead of the first U.S. presidential debate set to take place early on Wednesday morning.

Fundamental News

EUR/USD
The Shared currency reversed previous day's losses to $1.1670 ahead of the first U.S. presidential debate and developments on the latest U.S. stimulus measures continue to remain in the spotlight.

GBP/USD
The Cable spiked to $1.2850 on optimism about a Brexit trade deal as the European Union and Britain kicked off a decisive week of talks.

USD/JPY
The Japanese yen extended losses to 105.57 versus the U.S dollar despite Tokyo Core C.P.I. data came out above expectations earlier today.

AUD/USD
The Australian dollar bounced to $0.7080 as the hope of a U.S. stimulus aid deal underpinned.

USD/ZAR
The rand recovered to 17.05 against the greenback as positive economic data from China boosted risk-sentiment, and the country's shares posted their biggest gain in 50 days.

USD/MUR
The dollar-rupee stayed unchanged at 40.35(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

18:00 - USD - CB Consumer Confidence (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

01-Oct-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

1.1757

1.3116

106.22

17.36

1.1719

1.3023

105.96

17.21

1.1692

1.2928

105.76

17.08

1.1654

1.2835

105.50

17.97

1.1627

1.2740

105.30

16.77

1.1589

1.2647

105.04

16.50

1.1569

1.2552

104.84

16.06

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Head - Forex And Derivatives

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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.

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