Market Patrol 28 October 2020

Your age doesn't matter. It's your energy and determination.

Cordia Harrington

Indicative Selling Rates
against MUR
USD

15 Jan 2025

AUD
29.79
0.6292

BWP
3.43
0.0726

CAD
33.27
1.4229

CNY
6.66
7.1114

DKK
6.64
7.1328

EUR
49.01
1.0354

HKD
6.17
7.6752

INR
0.56
85.1083

JPY
30.82
153.5780

KES
37.13
127.5093

NZD
26.80
0.5661

NOK
4.25
11.1335

SGD
35.15
1.3467

ZAR
2.59
18.2579

SEK
4.30
11.0196

CHF
52.22
1.1031

GBP
58.07
1.2267

USD
47.34
1.0000

AED
13.19
3.5889

EUR/USD plummeted to $1.1770 overnight amid Covid-19 deadlock.

Fundamental News

EUR/USD
The single currency plummeted to $1.1770 following a media report that France's government was leaning toward reinstating a national lockdown to curb a resurgence in coronavirus cases.

GBP/USD
Sterling held steady at $1.3035, supported by hopes for a last-minute trade deal between Britain and the European Union.

USD/JPY
The safe-haven Yen vaulted to 104.20 against the dollar, buoyed by Prime Minister Suga's administration expectation to finalise a fresh supplementary budget in December.

AUD/USD
The Australian dollar seesawed around $0.7135 after data showed consumer prices in the third quarter rose 1.6% from the prior quarter, which was slightly more than the median estimate.

USD/ZAR
The South African rand weakened from 16.08 to 16.19 against the greenback, as market attention shifts to South Africa's mid-term budget at 4 pm, when Finance Minister Mboweni will layout spending priorities in Africa's most industrialised economy.

USD/MUR

The dollar-rupee soared by 5 cents to 40.35(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

18:30 - USD - Crude Oil Inventories

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

05-Nov-2020

Bank of Japan

-0.10%

28-Jan-2016

29-Oct-2020

Reserve Bank of Australia

0.25%

18-Mar-2020

03-Nov-2020

S.Africa Reserve Bank

3.50%

23-Jul-2020

Reserve Bank of India

4.00%

22-May-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

1.1871

1.3162

105.24

17.27

1.1855

1.3121

105.07

174.03

1.1825

1.3083

104.74

16.80

1.1809

1.3042

104.56

16.57

1.1779

1.3004

104.24

16.77

1.1763

1.2963

104.06

16.42

1.1733

1.2926

103.74

16.35

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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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