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Treasury

Daily Market Patrol

Market Patrol 3 September 2020

Never give in except to convictions of honor and good sense.

Winston Churchill
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 Single currency fell sharply amid growing ECB concern over euro strength.
Fundamental News

EUR/USD
The Shared currency extended losses to $1.1814 on growing expectations the European Central Bank would roll out more stimulus after ECB official red-flagged the euro appreciation.

 

GBP/USD
The Pound Sterling fell to $1.3298 as U.K. policymakers warned that Britain's economy could suffer more damage than anticipated by the Bank of England last month.

 

USD/JPY
The Japanese yen edged lower to 106.30 against the greenback, ignoring Wednesday's weaker than expected U.S. ADP report.

 

AUD/USD
The Aussie dollar remained on the back foot at $0.7316 as downbeat data from Australia and China weighing heavily on the currency.

 

USD/ZAR
The South African rand lost traction to 16.87/dlr after nationwide electricity blackouts by state firm Eskom for a second day rekindled concerns about the country's ability to shake off recession and a fiscal crisis.

 

USD/MUR
The Mauritian rupee is unchanged at 40.20(Selling) following Bank of Mauritius' intervention on the domestic market on Wednesday.

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Services PMI (Aug)

12:30 - GBP - Composite PMI (Aug)

16:30 - USD - Initial Jobless claims

18:00 - GBP - BoE Gov Bailey Speaks

18:00 - USD - ISM Non-Manufacturing PMI (Aug)

 

 

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
1.2022
1.3529
106.83
17.78
R2
1.1976
1.3466
106.56
17.23
R1
1.1915
1.3409
106.38
17.11
PP
1.1869
1.3346
106.11
16.89
S1
1.1808
1.3289
105.93
16.65
S2
1.1772
1.3226
105.66
16.51
S3
1.1701
1.3169
105.48
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.