Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 14 August 2020

We humans thrive best when we are feeling connected to others.

Christine Moutier
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 plummeted by 15 cents following the intervention of the Bank of Mauritius
Fundamental News

EUR/USD
The single currency vaulted to $1.1865, on broad dollar weakness amid overnight the weekly number of applications for unemployment benefits in the United States dropped below one million. On the data schedule later today are preliminary European employment and GDP numbers.

 

GBP/USD
Sterling retreated from $1.3123 as Irish PM Martin reported that there is a "landing zone" to reach a post-Brexit trade deal between the United Kingdom and the European Union, to $1.3075, undermined by Britain's economy which shrank by a record 20.4% in the second quarter.

 

USD/JPY
The Japanese Yen wiggled around 106.80 against the greenback, shrugging off China's industrial output that rose more slowly than expected in July and retail sales that fell for a seventh straight month.

 

AUD/USD
The Aussie mounted 30 pips to $0.7160 in early Asian hours, following RBA Governor Lowe's monetary policy speech that there were limits to what monetary policy could do, urging the government to borrow as much as needed to fund more spending to promote fiscal policy.

 

USD/ZAR
The rand surged to 17.38 per dollar although fresh power cuts in South Africa by State power firm Eskom caused breakdowns of some its generating units, forcing to resume countrywide blackouts.

 

USD/MUR
The dollar-rupee plummeted by 15 cents to 40.10(selling) following the intervention of the Bank of Mauritius on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Core Retail Sales (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
1.1942
1.3128
107.62
18.25
R2
1.1903
1.3098
107.34
17.85
R1
1.1858
1.3066
107.13
17.67
PP
1.1817
1.3036
106.85
17.00
S1
1.1774
1.3004
106.65
16.32
S2
1.1735
1.2973
106.36
16.17
S3
1.1690
1.2941
106.16
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.