Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 18 August 2020

Presence is one of the ways in which we get closer to power.

Arisha Michelle Hatch
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
EUR/USD vaulted to $1.1890 as U.S Republicans and Democrats disagree on the fiscal stimulus deal.
Fundamental News

EUR/USD
The single currency nudged higher to $1.1890, amid broad-based losses in the US dollar, as U.S Republicans and Democrats were miles away from approving the highly-anticipated fiscal stimulus deal. Wednesday's release of the Federal Reserve minutes looms on the horizon.

 

GBP/USD
The cable soared to $1.3135, buoyed by Britain and the European Union resumption of talks to try to agree a trade deal before the end of 2020.

 

USD/JPY
The safe-haven yen surged to 105.60 against the U.S dollar, following US Commerce Department also announced that it added 38 Huawei facilities to the US' economic blacklist, reviving concerns over a further escalation in Beijing-Washington relations.

 

AUD/USD
The Aussie mounted to $0.7224, pressured by the central bank reaffirming the outlook for steady policy this morning.

 

USD/ZAR
The South African rand began the week stronger at 17.50 per greenback after President Ramaphosa announced a sweeping removal of lockdown restrictions over the weekend.

 

USD/MUR
The Mauritian rupee steadied at 40.10(selling) against the dollar on the local market.

 

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Building Permits (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
1.1944
1.3173
107.21
18.25
R2
1.1912
1.3147
106.95
17.85
R1
1.1891
1.3125
106.48
17.67
PP
1.1860
1.3100
106.21
17.00
S1
1.1839
1.3078
105.74
16.32
S2
1.1808
1.3052
105.47
16.17
S3
1.1787
1.3030
105.01
16.00
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.