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Treasury

Daily Market Patrol

Market Patrol 31 August 2020

I always tell people to lift as you rise. It's not as sweet unless you do that.

Lule Demmissie
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 yen steadied at 105.64 per dollar awaiting the nomination of a new ruler.
Fundamental News

EUR/USD
The fiber surged to $1.1896 on fresh hopes for an upcoming coronavirus vaccine. Eurozone CPI figures will be released later.



GBP/USD
The Sterling pummeled from $1.3367 to $1.3325 after the UK government's plan to mull £30 billion in tax hikes to plug a hole in the deficit caused anger within the Conservative Party.

 

USD/JPY
The yen steadied around 105.63 against the U.S dollar on the view that Japan's next leader will stay the course on the 'Abenomics' economic revival programme.

 

AUD/USD
The Aussie plunged from $0.7382 to $0.7345 on reports from China's commerce ministry on Monday that it had launched an anti-subsidy investigation on some wine imports from Australia.

 

USD/ZAR
South Africa rand soared to 16.60 against the greenback although South Africa recorded a budget deficit of 134.53 billion rands ($8.06 billion) in July compared with a shortfall of 99.10 billion rands in the corresponding period last year.

 

USD/MUR
The dollar-rupee stayed afloat at 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time
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
1.2054
1.3579
108.22
17.78
R2
1.1987
1.3468
107.58
17.23
R1
1.1945
1.3409
106.48
17.11
PP
1.1878
1.3298
105.84
16.89
S1
1.1837
1.3239
104.73
16.65
S2
1.1769
1.3128
104.10
16.51
S3
1.1728
1.3069
102.99
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.