Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 11 August 2020

The greater part of our happiness or misery depends on our dispositions and not on our circumstances.

Martha Washington
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
USD/MUR ratcheted by 7 cents, buoyed after the central bank intervention on the FX market.
Fundamental News

EUR/USD
The single currency cascaded to $1.1733, on broad dollar strength, after a tweet from U.S. President Donald Trump raised fresh concerns over politicians' ability to reach a deal on coronavirus relief funding.

 

GBP/USD
The cable nudged higher to $1.3085 following an interview published today from Deputy Governor Ramsden that the Bank of England will step up on quantitative easing if the British economy slows and struggles again.

 

USD/JPY
The Japanese Yen suffered overnight losses to 106.20 against the greenback despite Japan's economic data welcomed positive signals, with better-than-expected current account and trade balance data.

 

AUD/USD

The Aussie mounted 30 pips to $0.7174, shrugging off NAB business survey out Tuesday showing confidence taking a turn for the worse in July, while coronavirus woes kept dominating with Australia’s Victoria state marking another record-high death toll of 331.

 

USD/ZAR
The rand tumbled to 17.74 per dollar amid China retaliated to the U.S. moves of sanctioning their policymakers by increasing hardships for 11 American diplomats. South Africa resumes trading after a holiday.

 

USD/MUR
The Mauritian rupee plunged by 7 cents against the dollar undermined after the central bank's intervention on the FX market.

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Average Earnings Index + Bonus (Jun)

12:30 - GBP - Claimant Count Change (Jul)

13:00 - EUR - German ZEW Economic Sentiment (Aug)

16:00 - USD - EIA Short-Term Energy Outlook

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

 

 

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
1.1845
1.3196
106.71
18.25
R2
1.1823
1.3149
106.46
17.85
R1
1.1781
1.3111
106.21
17.67
PP
1.1758
1.3065
105.96
17.00
S1
1.1716
1.3027
105.72
16.32
S2
1.1694
1.2981
105.47
16.17
S3
1.1651
1.2943
105.22
16.00
Technical Analysis - Forex Charts
Japanese Yen may flirt to 105.30/19/dlr, further underscoring what may appear to be a buoyant month.
Chart updated on 24.07.2020
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.