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Treasury

Daily Market Patrol

Market Patrol 1 September 2020

Ambition comes from exposure. If you've been exposed to more then you expect more.

Clifford Joseph T.I Harris
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
The U.S dollar in worst losing streak after Fed's fallout.
Fundamental News

EUR/USD
The single currency rocketed to $1.1995 as the Federal Reserve's new policy framework continued to fuel bets that U.S. rates will stay lower for longer than other countries.

 

GBP/USD

The British pound vaulted to $1.3415, the highest since December last year, on reports from Japan's foreign minister that a broad agreement on a Japan-UK trade deal is close.

 

USD/JPY
The safe-haven yen hemmed into a narrow range near 105.70 versus the greenback as politicians jockeyed to choose a new premier following Prime Minister Shinzo Abe's shock resignation last week.

 

AUD/USD
The Aussie soared to a two-year high at $0.7407 after the RBA left its cash rate at a record low of 0.25% on Tuesday, but surprised by expanding a programme of cheap funding for banks and extending it out to the middle of 2021.

 

USD/ZAR
The South African rand tumbled to 16.83 against the greenback on news from President Ramaphosa on Monday that the party's executives had decided at a weekend meeting that ANC officials formally charged with corruption and other serious crimes must step aside from their positions.

 

USD/MUR
The Mauritian rupee remained stable at 40.20(Selling) on the domestic market.

 

Fundamental & Technical Data
Economic Indicators-Local Time

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

11:55 - EUR - German Unemployment Change (Aug)

12:30 - GBP - Manufacturing PMI (Aug)

13:00 - EUR - CPI (YoY)(Aug)

18:00 - USD - ISM Manufacturing PMI (Aug)

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
14-Sep-2020
European Central Bank
0.00%
10-Mar-2016
10-Sep-2020
Bank of England
0.10%
19-May-2020
17-Sep-2020
Bank of Japan
-0.10%
28-Jan-2016
17-Sep-2020
Reserve Bank of Australia
0.25%
18-Mar-2020
01-Sep-2020
S.Africa Reserve Bank
3.50%
23-Jul-2020
17-Sep-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
1.2056
1.3504
107.04
17.78
R2
1.2011
1.3450
106.57
17.23
R1
1.1974
1.3410
106.24
17.11
PP
1.1929
1.3356
105.77
16.89
S1
1.1892
1.3315
105.44
16.65
S2
1.1847
1.3261
104.96
16.51
S3
1.1810
1.3221
104.63
16.35
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.