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Treasury

Daily Market Patrol

Market Patrol 25 September 2020

A goal without a plan is just a wish.

Antoine de Saint-Exupery
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
GBP/USD jostled to $1.2765, boosted by Finance Minister Sunak's launch of scaled-back job support.
Fundamental News

EUR/USD
The single currency inched higher to $1.1667 on optimism that German business expectations index climbed to 10.4 in September from 5.5, signalling signs of reviving economies. The market is eyeing the G7 finance ministers virtual meeting today for fresh impetus.


GBP/USD
The British pound vaulted from $1.2668 to $1.2765, underpinned by Britain's government launch of scaled-back job support for workers hit by a resurgent COVID-19 pandemic.

 

USD/JPY
The safe-haven yen plunged to 105.34 per dollar despite U.S initial jobless claims plummeted to 870k, with 866k prior.

 

AUD/USD
The Aussie climbed to $0.7060, even though Australia's imports dropped by 7% in August.

 

USD/ZAR
The rand sidelined around 16.93 against the greenback amid market is waiting for local confidence data at 13:30 today.

 

USD/MUR
The dollar-rupee edged lower by 5 cents to 40.35(selling) following the intervention of the Bank of Mauritius on the Forex market yesterday.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Core Durable Goods (MoM)(Aug)

 

 

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
1.1757
1.2880
105.89
17.36
R2
1.1722
1.2831
105.71
17.21
R1
1.1697
1.2789
105.56
17.08
PP
1.1662
1.2740
105.38
17.97
S1
1.1637
1.2698
105.24
16.77
S2
1.1602
1.2649
105.06
16.50
S3
1.1576
1.2607
104.91
16.06
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.