Market Patrol 12 October 2020

Impossible is just an opinion.

Paulo Coelho

Indicative Selling Rates
against MUR
USD

26 Dec 2024

AUD
30.13
0.6344

BWP
3.49
0.0735

CAD
33.37
1.4235

CNY
6.71
7.0813

DKK
6.72
7.0673

EUR
49.65
1.0453

HKD
6.21
7.6549

INR
0.57
83.8823

JPY
30.98
153.3162

KES
37.32
127.2718

NZD
27.11
0.5707

NOK
4.28
11.1070

SGD
35.54
1.3364

ZAR
2.63
18.0690

SEK
4.34
10.9331

CHF
53.12
1.1182

GBP
59.89
1.2609

USD
47.50
1.0000

AED
13.23
3.5896

The Japanese Yen gained ground to 105.46 versus the greenback as optimism concerning the U.S stimulus faded

Fundamental News

EUR/USD
The Shared currency extended gains to $1.1820 after the Italian Industrial Production expanded at a monthly 7.7% during August, adding to the idea of a strong rebound in the European economy.

GBP/USD
The Pound Sterling climbed to $1.3041 on guarded optimism about Brexit negotiations ahead of a European Union summit this week.

USD/JPY
The Japanese Yen gained ground to 105.46 versus the greenback as optimism concerning the U.S stimulus faded; both Democrats and Republicans are said to have shown resistance to Trump's latest stimulus offer.

AUD/USD
The Aussie dollar reversed some of its gains to $0.7223 after the People's Bank of China said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading.

USD/ZAR
South African rand ascended to 16.46 against the greenback despite domestic economic data continued to paint a picture of a weak recovery from a deep coronavirus-induced slump.

USD/MUR
The USD/MUR stayed put at 40.20(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

15:00 - EUR - ECB President Lagarde Speaks

20:00 - GBP - BoE Gov Bailey Speaks

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

1.1933

1.3219

106.38

17.36

1.1882

1.3135

106.21

17.21

1.1856

1.3092

105.92

17.08

1.1805

1.3008

105.75

17.97

1.1779

1.2965

105.49

16.77

1.1728

1.2881

105.29

16.50

1.1702

1.2838

105.00

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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