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Treasury

Daily Market Patrol

Market Patrol 24 August 2020

Do more of what works and less of what doesn't 

Steve Clark
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
All eyes on Fed’s Jackson Hole meeting on Thursday
Fundamental News

EUR/USD
The Single currency slipped to $1.1800 with investors awaiting U.S. Federal Reserve Chairman Jerome Powell further guidance on the U.S. monetary policy outlook during the Jackson Hole symposium starting on Thursday.

 

GBP/USD
The cable nosedived to 1.3094 following Britain and the European Union made scant progress towards a deal on future ties in talks this week, and their chief negotiators blamed each other for the stalemate as time ticks down to an end-of-year deadline.

 

USD/JPY
The Japanese Yen retreated to 105.87 against the U.S dollar on concerns surrounding Japanese PM Abe’s health and virus woes in Tokyo.

 

AUD/USD
The Aussie dollar dropped to $0.7171 with the U.S Markit Manufacturing PMI and the Services PMI data rising to 53.6 and 54.8, respectively.

 

USD/ZAR
The South Africa's rand gained to 17.10/dlr after a further easing of the country's coronavirus lockdown and three days of planned power cuts suspended by ailing state utility Eskom.

 

USD/MUR
The pair stayed put at 40.20(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

19:30 - USD - 3-Month Bill Auction

19:30 - USD - 6-Month Bill Auction 

 

 

 

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
1.1996
1.3406
106.74
18.25
R2
1.1939
1.3331
106.41
17.85
R1
1.1868
1.3210
106.11
17.67
PP
1.1811
1.3135
105.78
17.00
S1
1.1740
1.3014
105.48
16.32
S2
1.1683
1.2939
105.15
16.17
S3
1.1612
1.2818
104.84
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.