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Treasury

Daily Market Patrol

Market Patrol 01 October 2020

The best buy by way of management is brains at any price.

Malcom Forbes
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
U.S dollar clawed back gains overnight on fresh U.S fiscal stimulus hopes
Fundamental News

EUR/USD

The single currency surged to $1.1745 after ECB President Lagarde hinted that a strategy overhaul, and a more accommodative approach to inflation, could be possible.

 

GBP/USD

The cable bolstered to $1.2940 amid broad dollar weakness as U.S House delayed vote on $2.2 trillion aid package, with proposed stimulus at $1.5 trillion as reported by U.S Treasury Secretary Mnuchin.

 

USD/JPY

The safe-haven Japanese Yen flounced to $105.42 although Japan’s Tankan Large Manufacturing Index plummeted to -27 in the third quarter.

 

AUD/USD

The Aussie pierced $0.7183, underpinned by China’s manufacturing Purchasing Manager's Index that rose to 51.5 in September from 51.0 in August, reviving hopes of an economic recovery.

 

USD/ZAR

The rand soared to 16.66 per dollar after better-than-expected local core consumer price index and trade balance data yesterday boosted appetite for the currency.

 

USD/MUR

The pair unfazed at 40.35(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:55 - EUR - German Manufacturing PMI (Sep)

12:30 - GBP - Manufacturing PMI (Sep)

14:00 - EUR - EU Leaders Summit

16:30 - USD - Initial Jobless Claims

18:00 - USD - ISM Manufacturing PMI (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
R3
1.1826
1.3112
106.11
17.36
R2
1.1791
1.3027
105.96
17.21
R1
1.1756
1.2974
105.71
17.08
PP
1.1720
1.2890
105.56
17.97
S1
1.1685
1.2837
105.31
16.77
S2
1.1650
1.2753
105.16
16.50
S3
1.1615
1.2700
104.91
16.06
Weekly Technical Analysis on GBP by Aassan Deedarun on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.