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Treasury

Daily Market Patrol

Market Patrol 24 September 2020

In order to succeed, we must first believe that we can 

Nikos Kazantzakis
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The Cable battled at $1.2704 ahead of Bank Of England Bailey’s speech later today.
Fundamental News

EUR/USD
The Shared currency descended to a two-month low at $1.1660 due to fears of intensifying virus spread in the Old continent, as the number of cases tops 5 million.


GBP/USD
The Cable battled at $1.2704 ahead of Bank Of England Bailey’s speech later today, while virus risks and lower expansion in the Kingdom's business activity weighed down the sentiment around the pound.

 

USD/JPY

The Japanese yen extended losses to 105.34 versus the U.S dollar in the wake of dovish minutes from Bank of Japan, revealing that prolonged damage to the economy from the pandemic could lead to solvency problems for some Japanese firms.


AUD/USD
The Aussie dollar dropped to $0.7040 as growing expectations of further monetary policy easing and deteriorating risk sentiment weighed on the antipodean currency.


USD/ZAR
South Africa's rand fell to 17.15 undermined by the U.S Dollar renewed safe-haven appeal across the market.


USD/MUR
The dollar-rupee climbed by 5 cents to 40.40(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

11:30 - CHF - SNB Monetary Policy Assessment

11:30 - CHF - SNB Interest Rate Decision

12:00 - EUR - German IFO Business Climate Index

16:30 - USD -  Initial Jobless Claims

18:00 - GBP - BoE GoV Bailey Speaks

18:00 - USD - New Home Sales (MoM) (Aug)

18:00 - USD - Fed Chair Powell Testifies 

 

 

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
1.1770
1.2877
106.23
17.82
R2
1.1744
1.2827
105.87
17.30
R1
1.1703
1.2775
105.61
16.96
PP
1.1677
1.2725
105.25
16.82
S1
1.1636
1.2673
104.99
16.62
S2
1.1610
1.2623
104.69
16.52
S3
1.1569
1.2571
104.37
16.42
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.