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0.30560 0.30570 Daily Treasury Market Commentary KUWAITI DINAR

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0.30560 0.30570 Daily Treasury Market Commentary KUWAITI DINAR KUWAITI DINAR 0.30560 0.30570 Daily Treasury Market Commentary October 28, 2020 Foreign Exchange Developments: Economic Updates: The euro fell against the dollar on Wednesday following a New orders for key US-made capital goods increased Currency Price MTD % 3M% YTD% media report that France's government was leaning to six-year high in September, wrapping up a quarter EUR/USD 1.1779 0.51 0.55 5.07 toward reinstating a national lockdown to curb a of potentially record growth in business spending and GBP/USD 1.3043 0.98 0.87 -1.64 resurgence in coronavirus cases. the economy. AUD/USD 0.7145 -0.24 -0.18 1.75 The dollar, however, gave up early gains against other Britain must spell out how far it wants to diverge from USD/CHF 0.909 -1.28 -0.98 -6.09 major currencies as sentiment turned bearish due to European Union rules if it wants access to the bloc's USD/JPY 104.26 -1.16 -0.81 -4.25 uncertainty about the outcome of the U.S. presidential financial market from January, a top European USD/CAD 1.3191 -0.97 -1.39 1.57 election next week. The euro fell 0.14% to $1.1780 in Asia Commission official said on Tuesday. on Wednesday, down for a third consecutive session. Sterling held steady at $1.3035, supported by hopes for a Local & GCC news: last-minute trade deal between Britain and the European Kuwait's central bank announced on Tuesday it was Index Price Change MTD% YTD% Union. The dollar was little changed at 104.46 yen after a cutting repo rates and other rates across the interest DOWJONES 27,463.19 -222.19 -1.15 -3.77 0.4% decline on Tuesday brought it close to a one-month rate yield curve up to the ten-year term by 0.125%. S&P 500 3,390.68 -10.29 0.82 4.95 low. The bank, which said it was it was maintaining a FTSE 100 5,728.99 -63.02 -2.34 -24.04 Commodities: historically low discount rate of 1.5%, said this was in DAX 12,063.57 -113.61 -5.46 -8.95 Oil prices slid more than 1 percent on Wednesday, paring line with special measures to cope with the KUWAIT ALL 5,426.94 -41.94 -0.34 -13.62 the previous day's gains, as a jump in U.S. crude ramifications of the Covid-19 pandemic on economic inventories and surging COVID-19 cases raised fears of an and banking conditions. oversupply of oil and weak fuel demand. Benchmark 1 Month 3 Month 6 Month 12 Month Gold prices were little changed on Wednesday, staying Upcoming Indicators: LIBOR 0.1446 0.2133 0.2465 0.3318 above the $1,900-mark. Date Country Indicator Name Prior Forecast EURIBOR -0.5390 -0.5090 -0.4960 -0.4630 Chart of the Day: Gold - 1 Month 29Oct Germany Unemployment Rate 6.3 6.3 KIBOR 1.3125 1.5625 1.8125 2.1250 Daily XAU= 28/09/2020 - 28/10/2020 (GMT) Price USD 29Oct Euro Zone Consumer Confid. Final -16 -15.5 Benchmark 1 Year 3 Year 5 Year 10 Year Ozs 1,920 29Oct United States GDP Advance -31.4 30.73 US Treasuries 0.114 0.183 0.330 0.769 1,915 1,910 29Oct United States Initial Jobless Clm 787 776.7 US Index 93.101 1,907.9600 1,905 29Oct Euro Zone ECB Refinancing Rate 0 0 1,900 1,895 29Oct Germany CPI Prelim YY -0.2 -0.27 1,890 1,885 29Oct Japan BOJ Rate Decision -0.1 -0.1 Gold Silver KWT OSP Brent WTI 1,880 1,875 Source: Reuters and Bloomberg 1908.29 24.41 39.16 40.74 39.36 1,870 28 05 12 19 26 TheSepmaterial 20 made available in this presentationOctober 2020 is for information purposes only and cannot be used and/or Any reliance you place on such information is therefore entirely at your own risk. It is the responsibility of the user/reader to check the accuracy of relevant facts before entering into any financial or other commitment based upon them. In no event will Gulf Bank be held liable in contract, tort (including relied upon for any other purpose. Gulf Bank makes no representations or warranties of any kind, either express or implied, as to the completeness, accuracy, reliability or suitability of the information, products or services contained herein or their fitness to your business or needs whatsoever. without limitation negligence) and/or breach of statutory duty for any direct, indirect, special, incidental or consequential loss or damage (including but not limited to any economic loss and/or loss of profits) arising out of or in connection with the use of this newsletter or the information contained therein. For further information please contact our Treasury Sales Desk at [email protected] or at 2241 2530 / 2244 4628.
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