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Treasury

Daily Market Patrol

Market Patrol 27 August 2020

The secret of getting ahead is getting started.

Mark Twain
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 Pound racked up versus the greenback, shrugging off sinking hopes of progress on Brexit talks, Jackson Hole eyed.
Fundamental News

EUR/USD
The Shared currency climbed to $1.1830 in the lead up to the much-awaited Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium on Thursday.

 

GBP/USD
The Pound Sterling racked up to $1.3200, shrugging off sinking hopes of progress on Brexit talks after Germany reportedly scrapped plans to continue negotiations, citing a lack of recent progress, according to UK media report.

 

USD/JPY
The Japanese Yen gained to 106.00/dlr despite dovish comments from the Bank of Japan board member Hitoshi Suzuki, saying that the central bank must be mindful demerits of prolonged, low-interest-rate environment accumulating, which could affect Japan's financial system stability.

 

AUD/USD
The Australian dollar extended gains to $0.7232 as domestic economic data proved to be not as dire as first feared.

 

USD/ZAR
South Africa's rand weakened to 16.89 against the greenback after South African's data showed consumer price inflation rose in July but not by enough to dampen expectations of further monetary policy easing.

 

USD/MUR
The Dollar-rupee idled at 40.20(Selling) on the local market, unaffected by the intervention from the Bank of Mauritius on Tuesday.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - GDP (QoQ) (Q2)

16:30 - USD - Initial Jobless Claims

17:10 - USD - Fed Chair Powell Speaks

18:00 - USD - Pending Home Sales (MoM) (Sales)

 

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
1.3350
107.04
17.78
R2
1.1873
1.3284
106.39
17.23
R1
1.1850
1.3248
106.09
17.06
PP
1.1807
1.3182
105.89
16.89
S1
1.1765
1.3146
105.78
16.65
S2
1.1742
1.3080
105.58
16.51
S3
1.1700
1.3044
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.