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Treasury

Daily Market Patrol

Market Patrol 10 September 2020

All progress takes place outside the comfort zone.

Michael John Bobak
Indicative Selling Rates
against MUR
USD
21 Oct 2021
  • AUD
  • 32.60
  • 0.7573
  • BWP
  • 3.94
  • 0.0915
  • CAD
  • 35.25
  • 1.2214
  • CNY
  • 6.83
  • 6.3076
  • DKK
  • 6.84
  • 6.2899
  • EUR
  • 50.38
  • 1.1702
  • HKD
  • 5.63
  • 7.6497
  • INR
  • 0.58
  • 73.7278
  • JPY
  • 38.04
  • 113.1606
  • KES
  • 39.30
  • 109.5385
  • NZD
  • 31.21
  • 0.7250
  • NOK
  • 5.27
  • 8.1705
  • SGD
  • 32.40
  • 1.3288
  • ZAR
  • 3.03
  • 14.1860
  • SEK
  • 5.07
  • 8.4831
  • CHF
  • 47.20
  • 1.0963
  • GBP
  • 59.70
  • 1.3867
  • USD
  • 43.05
  • 1.0000
  • AED
  • 11.85
  • 3.6325
The Dollar-rupee edged back to 40.20(Selling) in the wake of BOM's intervention yesterday.
Fundamental News

EUR/USD
The Shared currency jumped to $1.1830 on Wednesday after Bloomberg News reported that the European Central Bank officials are growing more confident in the bloc's economic outlook. Traders will be closely watching the ECB meeting due today.

 

GBP/USD
The Pound pulled back from a six-week low of $1.2882 to $1.2992 after an EU statement said it would not suspend Brexit negotiations over the British government's new internal market bill.

 

USD/JPY
The Japanese Yen dropped to 106.12 against the greenback on improved risk sentiment and a spike in U.S. Treasury yields.

 

AUD/USD
The Aussie dollar soared to $0.7278 after a strong recovery in risky assets and commodity prices.

 

USD/ZAR
The rand rebounded to 16.63 versus the greenback on Wednesday after a survey showed that South Africa's business confidence recovered from an all-time low in the third quarter of the year.

 

USD/MUR
The Dollar-rupee edged back to 40.20(Selling) in the wake of Bank of Mauritius' intervention yesterday.

Fundamental & Technical Data
Economic Indicators-Local Time

15:45 - EUR - ECB Interest Rate Decision (Sep)

15:45 - EUR - Deposit Facility Rate (Sep)

15:45 - EUR - ECB Monetary Policy Statement 

15:45 - EUR - ECB Marginal Lending Facility

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

16:30 - USD - Initial Jobless claims

16:30 - EUR - ECB Press Conference 

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
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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
1.1922
1.3194
106.84
17.78
R2
1.1878
1.3109
106.61
17.23
R1
1.1821
1.3055
106.32
17.11
PP
1.1797
1.2970
106.09
16.89
S1
1.1760
1.2915
105.80
16.60
S2
1.1716
1.2831
105.57
16.51
S3
1.1679
1.2777
105.28
16.35
Weekly Market Update 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.