Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 10 July 2020

In the darkest times, that's when you should create.

JJ Johnson
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The Aussie tumbled overnight amid increasing Sino-Australian tensions and coronavirus risk-off themes.
Fundamental News

EUR/USD
The single currency plunged 100 pips to $1.1270 after a surge in new coronavirus cases in the United States further undermined the case for a quick economic recovery. Eurozone EcoFin Meeting is set today where the finance ministers may move closer to fiscal integration.

 

GBP/USD
The cable lost grounds from $1.2670 to $1.2587, succumbed to Brexit uncertainty while UK turns down EU coronavirus vaccine scheme.

 

USD/JPY
The safe-haven yen surged to 106.93 against the dollar amid broad-risk aversion following political uncertainty is unfolding in the wake of the Supreme Court ruling on President Donald Trump’s financial records.

 

AUD/USD
The Aussie ran out of puff from $0.70 to $0.6936 as China retaliated to Australia's decision to suspend its extradition treaty with Hong Kong and moves to attract businesses from the Asian financial hub, by imposing tariffs on some Australian goods including beef and barley.

 

USD/ZAR
The rand soared to 16.87 per dollar, buoyed by a rally in riskier assets globally, even as South Africa’s manufacturing output fell 49.4% year on year in April, reflecting the impact of a nationwide lockdown on the recession-hit economy.

 

USD/MUR
On the domestic market, the dollar-rupee stayed put at 40.20(selling), unabated by international market movements.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - PPI (MoM)(Jun)

16:30 - CAD - Employment Change (Jun)

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
29-Jul-2020
European Central Bank
0.00%
10-Mar-2016
16-Jul-2020
Bank of England
0.10%
19-May-2020
06-Aug-2020
Bank of Japan
-0.10%
28-Jan-2016
22-Jul-2020
Reserve Bank of Australia
0.25%
18-Mar-2020
04-Aug-2020
S.Africa Reserve Bank
4.25%
21-May-2020
-
Reserve Bank of India
4.00%
22-May-2020
06-Aug-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
1.1434
21.2721
107.67
18.05
R2
1.1402
1.2695
107.53
17.68
R1
1.1344
1.2651
107.37
17.43
PP
1.1312
1.2626
107.23
17.00
S1
1.1253
1.2581
107.07
16.73
S2
1.1222
1.2556
106.93
16.58
S3
1.1163
1.2512
106.77
16.46
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.