Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 18 September 2020

Don't be afraid to give up the good to go for the great.

Thomas Jefferson
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 Safe-haven yen extended gains to a seven-week high to 104.78 against the dollar on a batch of generally weak U.S. data
Fundamental News

EUR/USD
The Shared currency regained traction to $1.1850 as downbeat U.S. data cast a shadow over the Fed's economic outlook.

 

GBP/USD
The Cable initially dropped sharply to $1.2863 before recovering sharply to $1.2962 after European Commission President Ursula Von der Leyen stated that a trade deal between the European Union and the United Kingdom is still possible.

 

USD/JPY
The Safe-haven yen extended gains to a seven-week high to 104.78 against the dollar on a batch of weak U.S. data and overall uncertainty about the  U.S. economic outlook.

 

AUD/USD
The Aussie dollar ticked up to $0.7315 as the Australian Prime Minister Scott Morrison said that the coronavirus decline in the Victoria State is encouraging.

 

USD/ZAR
South African rand soared to a high of 16.18 versus the U.S dollar as the Reserve Bank of South Africa left its main lending rate unchanged at 3.5%.

 

USD/MUR
The pair were unchanged at 40.20(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - CAD - Core Retail Sales (MoM) (Jul)

18:00 - EUR - ECB Schnabel Speaks

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
05-Nov-2020
European Central Bank
0.00%
10-Mar-2016
29-Oct-2020
Bank of England
0.10%
19-May-2020
-
Bank of Japan
-0.10%
28-Jan-2016
-
Reserve Bank of Australia
0.25%
18-Mar-2020
-
S.Africa Reserve Bank
3.50%
23-Jul-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
1.1813
1.3160
105.75
17.13
R2
1.1923
1.3079
105.46
16.92
R1
1.1887
1.3026
105.10
16.65
PP
1.1813
1.2945
104.81
16.38
S1
1.1772
1.2892
104.45
16.33
S2
1.1698
1.2811
104.16
16.02
S3
1.1657
1.2758
103.80
15.92
Weekly Technical Analysis on GBP by Aassan Deedarun 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.