Market Patrol 13 October 2020

Don't be afraid to give up the good to go for the great

John D. Rockefeller

Indicative Selling Rates
against MUR
USD

27 Dec 2024

AUD
29.97
0.6313

BWP
3.49
0.0736

CAD
33.23
1.4287

CNY
6.71
7.0796

DKK
6.73
7.0583

EUR
49.67
1.0464

HKD
6.20
7.6510

INR
0.57
83.9928

JPY
30.91
153.5604

KES
37.30
127.2707

NZD
26.92
0.5671

NOK
4.25
11.1625

SGD
35.47
1.3382

ZAR
2.61
18.1855

SEK
4.35
10.9077

CHF
53.12
1.1190

GBP
59.77
1.2590

USD
47.47
1.0000

AED
13.23
3.5890

The Aussie dollar lost traction to $0.7180 on the back of downbeat China's trade balance earlier today

Fundamental News

EUR/USD
The Shared currency meandered at $1.1800 as investors stuck to hopes that there will be large U.S. fiscal stimulus after the Nov. 3 election to shore up a pandemic-hit economy, supporting riskier currencies.

GBP/USD
The Pound Sterling rose to $1.3050 on expectations for a Brexit deal although British Prime Minister Boris Johnson announced new coronavirus restrictions.

USD/JPY
The Japanese Yen stayed put at 105.42/dlr as the U.S market was closed for Columbus Day.

AUD/USD
The Aussie dollar lost traction to $0.7180 on the back of downbeat China's trade balance earlier today.

USD/ZAR
South Africa's rand firmed slightly at 16.52 against the U.S dollar, clinging to the previous week's gains spurred by hopes for the conclusion a stimulus package in the United States.

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

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 - GBP - Average Earnings Index + Bonus (Aug)

10:00 - GBP - Claimant Count Change (Sep)

13:00 - EUR - German ZEW Economic Sentiment

16:30 - USD - Core CPI (MoM) (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

1.1933

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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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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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