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Treasury

Daily Market Patrol

Market Patrol 23 September 2020

Presence is one of the ways in which we get so much closer to power.

Arisha Michelle Hatch
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
U.S dollar's haven demand fuelled across the board after Fed Chair Powell sent dovish signals
Fundamental News

EUR/USD
The single currency hammered to $1.1680 as investors grow increasingly worried about surging coronavirus infections in France and Spain, raising the risk of fresh lockdowns in Europe.

 

GBP/USD
The cable nosedived to $1.2685 after British Prime Minister Johnson unveiled on Tuesday new stricter restrictions on business activity to tackle a second wave of the coronavirus.

 

USD/JPY
The Japanese Yen plunged to 105.19 per dollar undermined by Fed Chairman Jerome Powell speech that the U.S. economy will suffer without stimulus, urging spending.

 

AUD/USD
The Aussie hit a six-week low at $0.7115 following a speech by Reserve Bank of Australia Deputy Governor Debelle on Tuesday where he signalled the likelihood of more monetary easing.

 

USD/ZAR
The rand tumbled to 16.88 against the greenback powered by data showing U.S. home sales surged to their highest level in nearly 14 years in August.

 

USD/MUR
The dollar-rupee bolstered by 10 cents to 40.35(selling), tracking demand for the greenback across the board.

Fundamental & Technical Data
Economic Indicators-Local Time

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

12:30 - GBP - Composite PMI, Manufacturing PMI, Services PMI

15:50 - JPY - BoJ Monetary Policy Statement

18:00 - USD - Fed Chair Powell Testifies

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
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
1.1839
1.2987
105.88
17.30
R2
1.1807
1.2927
105.48
17.08
R1
1.1757
1.2830
105.20
16.96
PP
1.1725
1.2770
104.80
16.82
S1
1.1675
1.2674
104.53
16.62
S2
1.1642
1.2614
104.13
16.52
S3
1.1593
1.2517
103.86
16.42
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.