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Treasury

Daily Market Patrol

Market Patrol 12 August 2020

Your positive action combined with positive thinking results in success

Shiv Khera
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 greenback boosted by higher yields and rising hopes of a U.S. economic recovery.
Fundamental News

EUR/USD
The Shared currency plunged towards $1.1720 with higher U.S. yields and rising hopes of a U.S. economic recovery from COVID-19 supporting the greenback.

 

GBP/USD
The British pound dropped to $1.3041 despite the U.K. GDP monthly release showed that the U.K. economy expanded sharply in June, arriving at +8.7% versus +8.0% expected.

 

USD/JPY
The Japanese yen extended losses to 106.70 against the greenback as the U.S. Treasury bond yields surged higher, weighing heavily on the allure of the safe-haven currency.

 

AUD/USD

The Aussie dollar trickled to $0.7118 on disappointing economic news from Australia, with consumer confidence falling sharply in August, and annual wage growth slowed to its lowest on record in the June quarter.

 

USD/ZAR
South Africa's rand recovered to 17.52/dlr this morning, having fallen to its weakest in nearly 12 weeks the previous day at 17.72 versus the greenback.

 

USD/MUR
The U.S dollar rose by 10 cents to 40.30(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - Industrial Production (MoM) (Jul)

16:30 - USD - Core CPI (MoM) (Jul)

18:30 - USD - Crude Oil Inventories

 

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
1.1877
1.3196
107.58
18.25
R2
1.1843
1.3149
107.13
17.85
R1
1.1791
1.3111
16.82
17.67
PP
1.1757
1.3065
106.37
17.00
S1
1.1705
1.3017
106.06
16.32
S2
1.1671
1.2981
105.61
16.17
S3
1.1619
1.2943
105.30
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 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.