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Treasury

Daily Market Patrol

Market Patrol 28 August 2020

It's not the load that breaks you down, it's the way you carry it

Lou Holtz
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 U.S dollar retreated as rally post Powell's speech subsided.
Fundamental News

EUR/USD
The Shared Currency reversed losses from a low of $1.1761 to $1.1870, as investors seemed to shrug off a rise in U.S yields, following the Federal Reserve's aggressive strategy to lift employment and increase tolerance for higher inflation in the United States.

 

GBP/USD
The Cable extended gains to $1.3260 ahead of Bank of England governor Andrew Bailey's speech at the Jackson Hole event later today.

 

USD/JPY
The Japanese Yen trimmed losses to 106.17 against the greenback on news that Japanese Prime Minister Shinzo Abe is set to resign due to ill health.

 

AUD/USD
The Aussie dollar surged to $0.9294, tracking one of Australia’s top exports iron ore’s rally to 6-years, and on hopes of recovery in China's economy.

 

USD/ZAR
South Africa's rand weakened to 16.94 versus the U.S dollar despite South Africa's Purchase Price Index showed an increase to 1.9% vs 1.7% forecast.

 

USD/MUR
The Dollar-rupee stayed put at 40.20(Selling) unfazed by international movements.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - CAD - GDP (MoM) (Jun)

17:05 - GBP - BoE Gov Bailey Speaks

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
1.2034
1.3393
108.07
17.78
R2
1.1968
1.3339
107.38
17.23
R1
1.1895
1.3269
106.98
17.11
PP
1.1829
1.3215
106.29
16.89
S1
1.1756
1.3145
105.89
16.65
S2
1.1690
1.3091
105.20
16.51
S3
1.1617
1.3021
104.80
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.