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Treasury

Daily Market Patrol

Market Patrol 30 September 2020

Perseverance is the foundation of all actions.

Lao Tzu
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
U.S dollar blithered overnight as the U.S Presidential debate placated markets.
Fundamental News

EUR/USD
The single currency vaulted to $1.1755 before recovering to $1.1733 on an interview from U.S. House Speaker Pelosi that Democratic lawmakers unveiled a new $2.2 trillion fiscal stimulus bill.

 

GBP/USD
The Sterling initially gained to $1.2903 overnight on hopes for a Brexit deal but retreated to $1.2830 after the Bank of England's governor kept the door open for using sub-zero interest rates if needed.

 

USD/JPY
The Japanese yen meandered at 105.47 per dollar as the U.S. Presidential debate late last night staggered mixed sentiment.

 

AUD/USD
The Aussie cascaded from $0.7148 to $0.7115 as the Reserve Bank of Australia revised rate forecast, with policy measures likelihood for November.

 

USD/ZAR

The Rand popped to 16.95 against the greenback, shrugging off weak unemployment figures on Tuesday that showed more than 5 million more South Africans were "not economically active" between April and June.

 

USD/MUR
The Mauritian rupee lingered at 40.35(selling) against the U.S dollar on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

10:00 - GBP - GDP (YoY)(Q2), GDP (QoQ)(Q2)

11:20 - EUR - ECB President Lagarde Speaks

13:00 - EUR - CPI (YoY)(Sep)

16:15 - USD - ADP Nonfarm Employment Change (Sep)

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

18:30 - USD - Crude Oil Inventories

18:00 - USD - Pending Home Sales(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
1.1855
1.2985
106.21
17.36
R2
1.1801
1.2944
105.97
17.21
R1
1.1772
1.2905
105.81
17.08
PP
1.1717
1.2864
105.58
17.97
S1
1.1688
1.2824
105.42
16.77
S2
1.1633
1.2783
105.19
16.50
S3
1.1605
1.2744
105.03
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.