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Treasury

Daily Market Patrol

Market Patrol 21 September 2020

As you get older, your interests and your skills will evolve. My advice is to be open to change.

Bill Gates
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 capped gains amid brewing US-China tensions.
Fundamental News

EUR/USD
The single currency mounted to $1.1860 on reports that the European Central Bank launched a review of its pandemic bond-buying program (PEPP).

 

GBP/USD
The Sterling cascaded to $1.2945, pressured by Britain signals that it was considering whether to impose a second national lockdown on mounting Covid-19 cases.

 

USD/JPY
The safe-haven yen rocketed to 104.32 per dollar, despite from the risk-off market mood amid renewed US-China tensions.

 

AUD/USD
The Aussie bounced to $0.7314, buoyed by Australian PM Morrison upbeat comments about the job-bounce in Victoria.

 

USD/ZAR
The rand surged to 6-month best at 16.07 on Friday and retreated to 16.30 against the dollar, ahead of the Fed Chairman Jerome Powell’s speech later today.

 

USD/MUR
The dollar-rupee stalled at 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:45 - EUR - ECB President Lagarde Speaks

18:00 - USD - Fed Chair Powell 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
1.1909
1.3057
105.47
17.13
R2
1.1890
1.3029
105.17
16.92
R1
1.1865
1.2972
104.87
16.65
PP
1.1845
1.2944
104.57
16.38
S1
1.1821
1.2887
104.27
16.33
S2
1.1801
1.2858
103.97
16.02
S3
1.1776
1.2802
103.68
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.