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Treasury

Daily Market Patrol

Market Patrol 19 August 2020

Always do what's right and long-term smart, regardless of conventional wisdom.

Neal Aronson
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 Aussie ratcheted to $0.7265 despite rising Sino-Australian trade tensions
Fundamental News

EUR/USD
The fiber escalated to $1.1965, buoyed by dollar weakness, although U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday that Democrats in Congress are willing to cut their coronavirus relief bill in half to get an agreement on new legislation with the White House and Republicans.


GBP/USD
The Sterling mounted to $1.3265 on report UK Consumer Prices Index 12-month rate came in at +1.0% in July when compared to +0.6% booked in June while beating expectations of a +0.6% print.


USD/JPY
The safe-haven yen fell from 105.08 to 105.50 against the greenback as Japan's exports fell 19.2% in July from a year earlier, while the country's core machinery orders fell 7.6% in June from the previous month.


AUD/USD
The risk-sensitive Australian dollar rocketed to $0.7262, although China has begun an anti-dumping probe into imports of Australian wine.


USD/ZAR
The rand ratcheted to 17.32 per dollar as market sentiment improved after a coronavirus-induced lockdown was lifted over the weekend. Market is eyeing local CPI data at noon.


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

Fundamental & Technical Data
Economic Indicators-Local Time

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

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

18:30 - USD - Crude Oil Inventories

22:00 - USD - FOMC Meeting Minutes

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
1.2077
1.3445
106.67
18.25
R2
1.2021
1.3347
106.37
17.85
R1
1.1976
1.3293
105.89
17.67
PP
1.1921
1.3196
105.59
17.00
S1
1.1876
1.3142
105.11
16.32
S2
1.1820
1.3044
104.80
16.17
S3
1.1775
1.2990
104.32
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.