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Treasury

Daily Market Patrol

Market Patrol 7 October 2020

Fight for the things that you care about, but do it in a way that will lead others to join you.

Ruth Bader Ginsburg
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 U.S dollar rallied amid U.S President Trump halted bipartisan aid package talks.
Fundamental News

EUR/USD
The single currency hammered from $1.1807 to $1.1723 after U.S President Trump cancelled talks on economic stimulus with Democrat lawmakers until after the Nov. 3 presidential election, while accusing House of Representatives Speaker Pelosi of not negotiating in good faith on coronavirus relief.

 

GBP/USD
The Sterling plummeted by 146 pips to $1.2860 as investors pushed back expectations for when the Bank of England would cut interest rates below zero. Britain's trade negotiations with the European Union failed to shield sterling from the dollar's advance.

 

USD/JPY
The Japanese Yen percolated around 105.68 per dollar amid market is eyeing for fresh signs on comments from central bankers in FOMC minutes and statement at 22:00 today.

 

AUD/USD
The Aussie nosedived to $0.7094 following the Australian budget forecasted heavy deficit when offering tax cuts and on mounting expectations that the Reserve Bank of Australia's next move is to cut rates and buy more government debt.

 

USD/ZAR
The South African rand unfolded around 16.65 against the greenback although US President Trump closed the door for bipartisan aid package talks.

 

USD/MUR
The dollar-rupee lost ground by 15 cents to 40.20(Selling) following the intervention of the Bank of Mauritius on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:10 - EUR - ECB President Lagarde Speaks

18:30 - USD - Crude Oil Inventories

22:00 - USD - FOMC Meeting Minutes, FOMC Statement

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
R3
1.1859
1.3109
106.10
17.36
R2
1.1834
1.3058
105.94
17.21
R1
1.1784
1.2969
105.79
17.08
PP
1.1758
1.2918
105.63
17.97
S1
1.1708
1.2828
105.48
16.77
S2
1.1682
1.2777
105.32
16.50
S3
1.1633
1.2688
105.16
16.06
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.