Internet Banking
Click icon again to close

Treasury

Daily Market Patrol

Market Patrol 2 September 2020

Keep your eyes on the stars, and your feet on the ground.

Theodore Roosevelt
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 Shared currency pressured amid ECB concern over euro value and downbeat inflation figures.
Fundamental News

EUR/USD
The Shared currency jettisoned to 1.1900 on Wednesday, as Eurozone inflation fell short of estimates on Tuesday and after the European Central Bank's chief economist said the exchange rate matters for the ECB.

 

GBP/USD
The cable retreated from an eight-month high of $1.3484 to $1.3365 amid a deadlock in Brexit negotiations.

 

USD/JPY
The Japanese yen languished to 106.07 versus the greenback, following upbeat U.S. manufacturing data reviving hopes of some improvement in the U.S economic recovery.

 

AUD/USD
The Australian dollar dropped from a high of $0.7412 to $0.7355 after Australia's Gross Domestic Product fell by 7% in the second quarter.

 

USD/ZAR
South Africa's rand rallied to 16.63/dlr on easing anxiety over squabbling in the ruling African National Congress party.

 

USD/MUR
The Mauritian rupee stayed put at 40.20(Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

16:15 - USD - ADP Nonfarm Employment Change (Aug)

18:30 - USD - Crude Oil Inventories

 

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
1.2090
1.3504
107.04
17.78
R2
1.2051
1.3450
106.57
17.23
R1
1.1981
1.3410
106.24
17.11
PP
1.1942
1.3356
105.77
16.89
S1
1.1872
1.3315
105.44
16.65
S2
1.1833
1.3261
104.96
16.51
S3
1.1763
1.3221
104.63
16.35
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.