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Treasury

Daily Market Patrol

Market Patrol 16 September 2020

The ceilings we place on ourselves must be lifted by us, as much as by the law.

Lule Demmissie
Indicative Selling Rates
against MUR
USD
25 Sep 2020
  • AUD
  • 28.65
  • 0.7100
  • BWP
  • 3.49
  • 0.0865
  • CAD
  • 30.38
  • 1.3283
  • CNY
  • 5.95
  • 6.7829
  • DKK
  • 6.37
  • 6.3309
  • EUR
  • 47.19
  • 1.1696
  • HKD
  • 5.24
  • 7.7055
  • INR
  • 0.55
  • 73.3626
  • JPY
  • 38.48
  • 104.8621
  • KES
  • 37.52
  • 107.5333
  • NZD
  • 26.62
  • 0.6597
  • NOK
  • 4.29
  • 9.4042
  • SGD
  • 29.52
  • 1.3671
  • ZAR
  • 2.42
  • 16.7080
  • SEK
  • 4.47
  • 9.0179
  • CHF
  • 43.75
  • 1.0843
  • GBP
  • 51.57
  • 1.2782
  • USD
  • 40.35
  • 1.0000
  • AED
  • 11.06
  • 3.6495
U.S dollar energized overnight ahead of FOMC statement
Fundamental News

EUR/USD

The single currency plummeted to $1.1827 as tension is mounting ahead of the last Federal Reserve rate decision before the elections and U.S. retail sales.

 

GBP/USD
Sterling rose to $1.2915, on better-than-expected U.K. jobs data on Tuesday and Prime Minister Johnson faced opposition within his party to proposed legislation that would breach the Brexit treaty.

 

USD/JPY
The safe-haven yen soared to 105.22 per dollar as the Lower House of Japan’s parliament formally elected Yoshihide Suga as the country’s new Prime Minister.

 

AUD/USD
The Aussie pierced $0.7322 this morning on upbeat trade sentiment ahead of FOMC meeting at 1800 GMT.

 

USD/ZAR
The South African rand surged to 16.38 against the greenback buoyed by vaccine hopes creeping back into local markets.

 

USD/MUR
The pair remain stagnant at 40.20(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - CPI (YoY)(Aug)

16:30 - USD - Core Retails Sales (MoM)(Aug)

16:30 - CAD - Core CPI (MoM)(Aug)

18:30 - USD - Crude Oil Inventories

22:00 - USD - Fed Interest Rate Decision

22:00 - USD - FOMC Statement

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
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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
1.1946
1.3051
106.25
17.13
R2
1.1924
1.2989
106.03
16.92
R1
1.1885
1.2939
105.74
16.65
PP
1.1862
1.2877
105.52
16.38
S1
1.1824
1.2827
105.22
16.33
S2
1.1801
1.2765
105.01
16.28
S3
1.1763
1.2716
104.71
15.92
Weekly Market Update on Radio One by Reshma Peerun Rajwani
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.