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Treasury

Daily Market Patrol

Market Patrol 11 September 2020

Tell me who your heroes are, and I'll tell you how you turn out.

Warren Buffet
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 Sterling plunged to a seven-week low at $1.2770 amid Brexit deadlock.
Fundamental News

EUR/USD
The euro jumped about 80-pips to $1.1915 after the ECB upgraded the growth and inflation forecasts, before falling back to around $1.1830 as a U.S. equities slump lifted the dollar.

 

GBP/USD
The cable slumped to a seven-week low of 1.2770 on Thursday, as the Brexit crisis deepened following the emergency meeting fallout. The European Union pressured Britain on Thursday to urgently scrap a plan to break their divorce treaty.

 

USD/JPY
The Japanese Yen whipsawed around 106.20 against the greenback unimpressed by data published by the US Department of Labor showing that 884,000 Americans applied for unemployment benefits last week.

 

AUD/USD
The Aussie retreated from a high of $0.7323 to $0.7280 on reports that China accused Australia of hypocrisy and double standards amid escalating tensions between the two countries, while Australian journalists counter-attacked saying that Chinese authorities questioned them for an investigation into an Australian citizen's detention.

 

USD/ZAR
The rand plummeted to $16.81 as domestic data showing contractions in mining and manufacturing in July pointed to a slow recovery in the domestic economy.

 

USD/MUR
The pair stay unchanged at 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - GDP(MoM), GDP(YoY)

10:00 - GBP - Manufacturing Production (MoM)

16:30 - USD - Core CPI (MoM)(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
1.2005
1.3232
106.62
17.78
R2
1.1961
1.3134
106.46
17.23
R1
1.1888
1.2969
106.30
17.11
PP
1.1845
1.2871
106.14
16.89
S1
1.1771
1.2707
105.98
16.60
S2
1.1728
1.2609
105.82
16.51
S3
1.1655
1.2445
105.66
16.35
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.