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Treasury

Daily Market Patrol

Market Patrol 26 August 2020

Success is not final, failure is not fatal. It is the courage to continue that counts.

Winston S.Churchill
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 Single currency retreated to $1.1810 on caution ahead of Powell’s speech on Thursday.
Fundamental News

EUR/USD

The Shared currency initially rose to $1.1846 on better-than-expected German business morale data the previous day, before retreating to $1.1810 this morning on caution ahead of a key U.S. Federal Reserve speech on Thursday.

 

GBP/USD

The Pound Sterling climbed to $1.3126, shrugging off an unexpected drop in Britain's monthly retail sales data on Tuesday.

 

USD/JPY

The Japanese yen lost ground to 106.37versus the greenback despite upbeat prints of Japan’s Corporate Service Price Index data earlier today.

 

AUD/USD

The Australian dollar nudged up to $0.7191 as risk appetite got a boost from positive Sino-U.S. trade developments.

 

USD/ZAR

The South African rand extended gains to 16.81 against the U.S. dollar, as riskier currencies cheered positive signals from trade talks between the United States and China.

 

USD/MUR

The Dollar-rupee stayed put at 40.20(Selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Core Durable Goods Orders (MoM) (Jul)

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
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
107.04
17.78
R2
1.1873
1.3184
106.39
17.23
R1
1.1850
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 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.