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Treasury

Daily Market Patrol

Market Patrol 8 October 2020

Regardless of what your circumstances is regardless of what your diagnosis is, just keep pushing.

Eric Berry
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
GBP/USD clawed back losses to $1.2935 amid Brexit hopes
Fundamental News

EUR/USD
The single currency edged up to $1.1775 after President Donald Trump is looking for a minimal deal with Democrats after abruptly cutting off talks on Tuesday.

 

GBP/USD
The cable recovered from $1.2843 to $1.2935 on optimism that Britain and the EU could reach an agreement on their future trade relationships had grown in recent weeks.

 

USD/JPY
The Japanese Yen lost ground to 105.95 per greenback although White House officials have played down the likelihood that anything gets passed, but House Speaker Nancy Pelosi is pursuing a standalone bill for aid to airline.

 

AUD/USD
The Aussie trimmed losses to $0.7150, even as market sentiment seesawed amid the US Vice Presidential Debate.

 

USD/ZAR

The South African rand percolated 16.62 against the dollar, shrugging off a survey showing South African business confidence continued to show signs of recovery in September, albeit at a slow pace, and a nationwide protest against job losses, wage curbs and corruption cases by the biggest trade union group COSATU.

 

USD/MUR
The dollar-rupee lingered at 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:25 - GBP - BoE Gov Bailey Speaks

15:30 - EUR - ECB Monetary Policy Statement

16:30 - USD - Initial Jobless Claims

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
1.1845
1.3036
106.69
17.36
R2
1.1813
1.2983
106.40
17.21
R1
1.1788
1.2951
106.19
17.08
PP
1.1757
1.2898
105.90
17.97
S1
1.1732
1.2866
105.69
16.77
S2
1.1700
1.2813
105.40
16.50
S3
1.1675
1.2781
105.18
16.06
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.