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Treasury

Daily Market Patrol

Market Patrol 17 September 2020

All progress takes place outside the comfort zone.

Michael John Bobak
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The U.S dollar boosted after Fed's upbeat economic outlook.
Fundamental News

EUR/USD
The Shared currency nosedived to $1.1770 following the U.S. Federal Reserve's upbeat assessment of the economic recovery, and as the Fed increased tolerance for higher inflation pushed bond yields higher.

 

GBP/USD
The Cable pressured to $1.2930 ahead of Bank of England's monetary policy meeting due later today.

 

USD/JPY
The Japanese yen firmed at  105 versus the greenback after the Bank of Japan bank kept interest rates unchanged at -0.1%, and on comments that the Japanese economy could soon see higher output and exports.

 

AUD/USD
The Aussie dollar slipped to $0.7270 on U.S. dollar strength, although Australia’s August month employment data flashed welcome numbers earlier today.

 

USD/ZAR
South Africa's rand rallied to a six-month high at 16.20 against the U.S dollar on Wednesday, shaking off poor retail sales data as expectations of continued lower rates in the United Staes increased demand for the emerging market.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

11:00 - JPY - BoJ Press Conference

13:00 - EUR - CPI (YoY) (Aug)

15:00 - GBP - BoE MPC Meeting Minutes

16:30 - USD - Initial Jobless Claims

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
-
European Central Bank
0.00%
10-Mar-2016
-
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
-
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
1.1963
1.3156
105.99
17.13
R2
1.1923
1.3082
105.71
16.92
R1
1.1869
1.3024
105.35
16.65
PP
1.1829
1.2950
105.07
16.38
S1
1.1775
1.2892
104.71
16.33
S2
1.1735
1.2818
104.43
16.20
S3
1.1681
1.2760
104.07
15.92
Weekly FX Market Analysis 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.