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Treasury

Daily Market Patrol

Market Patrol 9 October 2020

Opportunities don't happen. You create them

Chris Grosser
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 eased as investors eye Joe Biden presidency.
Fundamental News

EUR/USD
The Shared currency rose to $1.1776 as investors wagered on a Joe Biden presidency and on more U.S. stimulus spending.

 

GBP/USD
The Cable cheered U.S. dollar weakness to $1.2953 amid prospects for a Brexit deal appeared to materialize, with Britain giving it a 66% chance of success.

 

USD/JPY
The Japanese yen climbed to 105.87 against the greenback after Japan’s Overall House Spending and Labor Cash Earnings recovered in August.

 

AUD/USD
The Aussie dollar extended gains to $0.7183 after Australia's Financial Stability Review revealed that the financial system has stabilized since the March crash.

 

USD/ZAR
 South African rand inched up to 16.53 versus the greenback as renewed hope for more U.S. stimulus soothed investors' sentiment towards riskier currencies.

 

USD/MUR
The USD/MUR remained flat at 40.35(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - CAD - Employment Change (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
R3
1.1845
1.3051
106.69
17.36
R2
1.1813
1.3011
106.40
17.21
R1
1.1788
1.2972
106.19
17.08
PP
1.1757
1.2932
105.90
17.97
S1
1.1732
1.2893
105.69
16.77
S2
1.1700
1.2853
105.40
16.50
S3
1.1675
1.2814
105.18
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.