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Treasury

Daily Market Patrol

Market Patrol 17 August 2020

If you are not willing to risk the usual, you will have to settle for the ordinary

Jim Rohn
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 Cable cheered the US dollar’s decline to $1.3100 ahead of the key Brexit talks, starting from tomorrow.
Fundamental News

EUR/USD
The Shared currency meandered around $1.1864 caught between pressure from worries about the lagging U.S. economic recovery and support from rising U.S. bond yields and safe-harbour demand.

 

GBP/USD
The Cable cheered the US dollar’s decline to $1.3100 ahead of the key Brexit talks, starting from tomorrow.

 

USD/JPY
The Japanese Yen slightly gained to 106.57 against the U.S dollar after Japan’s Q2 Preliminary GDP drops below -7.6% forecast to -7.8%.

 

AUD/USD
The risk-sensitive Australian dollar inched up to $0.7182 after a meeting between U.S. and Chinese officials, originally scheduled for Saturday, was delayed.

 

USD/ZAR
The South African rand rose to 17.34/dlr despite the return of rolling nationwide power cuts and more signs that the domestic economy remains under pressure.

 

USD/MUR
The dollar-rupee stayed put at 40.10(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - CAD - Foreign Securities purchases (Jun)

 

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
1.1935
1.3231
107.62
18.25
R2
1.1892
1.3187
107.34
17.85
R1
1.1867
1.3137
107.13
17.67
PP
1.1824
1.3093
106.85
17.00
S1
1.1799
1.3043
106.65
16.32
S2
1.1756
1.2999
106.36
16.17
S3
1.1731
1.2949
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
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  • 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.