Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 12 October 2020

Impossible is just an opinion.

Paulo Coelho
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
The Japanese Yen gained ground to 105.46 versus the greenback as optimism concerning the U.S stimulus faded
Fundamental News

EUR/USD
The Shared currency extended gains to $1.1820 after the Italian Industrial Production expanded at a monthly 7.7% during August, adding to the idea of a strong rebound in the European economy.

 

GBP/USD
The Pound Sterling climbed to $1.3041 on guarded optimism about Brexit negotiations ahead of a European Union summit this week.

 

USD/JPY
The Japanese Yen gained ground to 105.46 versus the greenback as optimism concerning the U.S stimulus faded; both Democrats and Republicans are said to have shown resistance to Trump's latest stimulus offer.

 

AUD/USD
The Aussie dollar reversed some of its gains to $0.7223 after the People's Bank of China said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading.

 

USD/ZAR
South African rand ascended to 16.46 against the greenback despite domestic economic data continued to paint a picture of a weak recovery from a deep coronavirus-induced slump.

 

USD/MUR
The USD/MUR stayed put at 40.20(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

15:00 - EUR - ECB President Lagarde Speaks

20:00 - GBP - BoE Gov Bailey Speaks

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
05-Nov-2020
European Central Bank
0.00%
10-Mar-2016
29-Oct-2020
Bank of England
0.10%
19-May-2020
-
Bank of Japan
-0.10%
28-Jan-2016
-
Reserve Bank of Australia
0.25%
18-Mar-2020
-
S.Africa Reserve Bank
3.50%
23-Jul-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
1.1933
1.3219
106.38
17.36
R2
1.1882
1.3135
106.21
17.21
R1
1.1856
1.3092
105.92
17.08
PP
1.1805
1.3008
105.75
17.97
S1
1.1779
1.2965
105.49
16.77
S2
1.1728
1.2881
105.29
16.50
S3
1.1702
1.2838
105.00
16.06
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.