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Treasury

Daily Market Patrol

Market Patrol 25 August 2020

When you are going through an uncertain time and crisis, over-communicating is so important.

Sara Blakely
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 U.S dollar sunk amid positive U.S-China trade talks.
Fundamental News

EUR/USD
The single currency wiggled around $1.1807, ahead of Germany's IFO Business Climate index, due at 0800 GMT for clues as to the relative performance of the two economies.

 

GBP/USD
The cable surged from $1.3048 to $1.3097 although lingering concerns over the lack of progress in talks between British and European Union Brexit negotiators.

 

USD/JPY
The Japanese Yen cascaded to 106 over the dollar, undermined by a Financial Times report which said that U.S. authorities were considering fast-tracking approval for a COVID-19 vaccine being developed by AstraZeneca and Oxford University.

 

AUD/USD

The trade-sensitive Aussie tumbled to $0.7170 despite the United States and China both hailed a phone call between their top trade officials as a success.

 

USD/ZAR
South Africa's rand rallied to 16.91 per dollar on Monday helped by a risk-on mood on global markets after U.S. regulators approved a treatment for COVID-19 patients.

 

USD/MUR
The pair stay unchanged at 40.20(Selling) on the domestic market.

 

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - EUR - German GDP (QoQ)(Q2)

12:00 - EUR - German Ifo Business Climate Index (Aug)

18:00 - USD - CB Consumer Confidence (Aug)

18:00 - USD - New 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
-
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
1.1896
1.3219
106.39
17.78
R2
1.1873
1.3184
106.20
17.23
R1
1.1830
1.3124
106.09
17.06
PP
1.1807
1.3089
105.89
16.89
S1
1.1765
1.3029
105.78
16.65
S2
1.1742
1.2994
105.58
16.51
S3
1.1700
1.2934
105.47
16.35
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.