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Treasury

Daily Market Patrol

Market Patrol 14 July 2020

In order to succeed, your desire for success should be greater than your fear for failure

Bill Cosby
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 U.S Dollar pared initial losses amid worries about U.S.-China tensions and virus cases
Fundamental News

EUR/USD

The Euro retreated from a high of $1.1375 yesterday to $1.1335 this morning and is likely set for a bumpy ride over the next few days ahead of the European Central Bank's policy meeting on Thursday and an EU summit on Friday.

 

GBP/USD

The Cable plunged from a daily high of $1.2670 to $1.2550 as renewed concerns about diplomatic tension between the United States and China and rising coronavirus cases put a dent in risk appetite.

 

USD/JPY

The Japanese yen descended to 107.23/dlr, following Japanese Economy Minister Yasutoshi Nishimura statement on Tuesday that his government could declare an emergency if infections grow further.

 

AUD/USD

The Aussie dollar pared losses to $0.6949 after economic data revealed China's iron ore imports hit 33-month high in June.

 

USD/ZAR

The South African rand firmed at 16.84 against the greenback, helped by increased risk appetite as investors bet again on a global economic recovery.

 

USD/MUR

The USD/MUR climbed by 10 cents to 40.30(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - Manufacturing Productions (MoM) (May)

10:00 - GBP - GDP

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

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

 

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
29-Jul-2020
European Central Bank
0.00%
10-Mar-2016
16-Jul-2020
Bank of England
0.10%
19-May-2020
06-Aug-2020
Bank of Japan
-0.10%
28-Jan-2016
22-Jul-2020
Reserve Bank of Australia
0.25%
18-Mar-2020
04-Aug-2020
S.Africa Reserve Bank
4.25%
21-May-2020
-
Reserve Bank of India
4.00%
22-May-2020
06-Aug-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
1.1458
1.2743
108.01
18.05
R2
1.1417
1.2704
107.66
17.68
R1
1.1379
1.2628
107.48
17.43
PP
1.1338
1.2589
107.13
17.00
S1
1.1300
1.2513
106.90
16.73
S2
1.1259
1.2474
106.60
16.58
S3
1.1221
1.2398
106.45
16.46
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.