Market Patrol 30 October 2020

Don't waste too much time thinking about it or someone else might come up with the same thing.

Barbara Bradley Baekgaard

Indicative Selling Rates
against MUR
USD

13 Sep 2024

AUD
31.67
0.6825

BWP
3.54
0.0763

CAD
34.47
1.3462

CNY
6.73
6.8936

DKK
6.99
6.6344

EUR
51.70
1.1141

HKD
6.04
7.6821

INR
0.56
82.5855

JPY
33.54
138.3498

KES
36.67
126.5504

NZD
28.94
0.6238

NOK
4.43
10.4807

SGD
36.28
1.2789

ZAR
2.71
17.1267

SEK
4.58
10.1253

CHF
54.95
1.1843

GBP
61.31
1.3214

USD
46.40
1.0000

AED
12.93
3.5875

The Euro wallowed after the ECB signalled further monetary easing by the end of the year

Fundamental News

EUR/USD
The euro wallowed near a four-week low at $1.1650 after the European Central Bank signalled further monetary easing by the end of the year, but kept interest rates steady.

GBP/USD
Sterling breathed some fresh air from $1.2880 to $1.2935, undermined by a lack of Brexit-related headlines as London and the European Union have just two months to reach a post-Brexit trade agreement.

USD/JPY
The Japanese Yen vaulted to 104 against the dollar on reports that the U.S. economy grew at a record pace for the third quarter and an improving trend in jobless claims, before retreating to 104.40 now.

AUD/USD
The Australian dollar sidelined at $0.7050 on Friday, even though an unrelenting wave of new COVID-19 cases in Europe and North America darkened the outlook for global growth and commodity prices.

USD/ZAR
South Africa's rand steadied at 16.32 against the dollar after losses linked to the shock of a mid-term budget speech that showed still-ballooning debt and a deeper recession.

USD/MUR
The dollar rupee stayed put at 40.40(Selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

13:00 - EUR - German GDP (MoM)(Q3)

14:00 - EUR - CPI (YoY)(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

1.1847

1.3154

105.59

17.27

1.1803

1.3090

105.16

174.03

1.1739

1.3010

104.89

16.80

1.1694

1.2945

104.46

16.57

1.1630

1.2865

104.19

16.77

1.1586

1.2801

103.76

16.42

1.1522

1.2721

103.48

16.35

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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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