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Treasury

Daily Market Patrol

Market Patrol 3 November 2020

Art is anything you can get away with.

Andy Warhol
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
The Aussie skid lower to $0.7044 as RBA cut key rate to a record low of 0.10%.
Fundamental News

EUR/USD
The single currency nosedived to a low of $1.1620, despite encouraging EUR data. Markit upwardly revised its manufacturing indexes for the EU.

 

GBP/USD
The cable seesawed around 1.2900 trimming part of its early losses related to the latest lockdown announcement, retained a soft tone amid the lack of progress in Brexit talks.

 

USD/JPY
The Japanese Yen soared to 104.70 against the dollar on cautious optimism over 2020 US elections. Japan market closed today for Culture Day.

 

AUD/USD
The Aussie skid lower to $0.7044 as RBA cut key rate to a record low of 0.10% and expanded Quantitative Easing by AUD100 billion.

 

USD/ZAR
The South African rand extended gains to 16.20 against the dollar as Absa Purchasing Managers' Index recovered further in October, recording its sixth straight month in expansionary territory.

 

USD/MUR
The dollar-rupee soared by 5 cents to 40.45(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

17:00 - USD - Presidential Election

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
0.10%
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
1.1688
1.3044
105.41
17.27
R2
1.1672
1.2993
105.18
174.03
R1
1.1655
1.2955
104.99
16.80
PP
1.1639
1.2905
104.76
16.57
S1
1.1622
1.2866
104.57
16.77
S2
1.1605
1.2816
104.34
16.42
S3
1.1588
1.2778
104.16
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.