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Treasury

Daily Market Patrol

Market Patrol 21 August 2020

Successful investing takes time, discipline and patience.

Warren Buffet
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 Greenback on defensive as fresh jobs pain hits U.S. economy
Fundamental News

EUR/USD
The Single currency surged to $1.1880 following a rise in U.S. jobless claims and a dip in Treasury yields dampened the appeal of holding the greenback.

 

GBP/USD
The Pound Sterling strengthened towards $1.3247 shrugging off growing concerns that the U.K and EU are unlikely to find a breakthrough on the latest round of post-Brexit talks, which concludes later today.

 

USD/JPY
The Japanese Yen rose to 105.60 against the U.S dollar post better than expected Japan's manufacturing data in the Asian session.

 

AUD/USD
The Australian dollar ascended to $0.7200 following the release of the positive Aussie Retail Sales data earlier today.

 

USD/ZAR
The South African rand slightly gained to 17.22/dlr ahead of the country's Core CPI data due next week.

 

USD/MUR
The pair retreated by 4 cents to 40.20(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:30 -  EUR - German Manufacturing PMI (Aug)

12:30 - GBP - Manufacturing PMI 

12:30 - GBP - Services PMI

12:30 - GBP - Composite PMI

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

18:00 - USD - Existing Home Sales (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
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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
1.2039
1.3386
107.53
18.25
R2
1.1996
1.3327
106.84
17.85
R1
1.1917
1.3213
106.48
17.67
PP
1.1873
1.3154
105.79
17.00
S1
1.1794
1.3040
105.43
16.32
S2
1.1751
1.2980
104.74
16.17
S3
1.1671
1.2867
104.38
16.00
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.