Market Patrol 9 October 2020

Opportunities don't happen. You create them

Chris Grosser

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

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

1.1845

1.3051

106.69

17.36

1.1813

1.3011

106.40

17.21

1.1788

1.2972

106.19

17.08

1.1757

1.2932

105.90

17.97

1.1732

1.2893

105.69

16.77

1.1700

1.2853

105.40

16.50

1.1675

1.2814

105.18

16.06

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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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