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Treasury

Daily Market Patrol

Market Patrol 4 September 2020

Once you start giving, it grows inside you, becomes more important to you to give. 

Edward Stack
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 strengthened overnight ahead of U.S Non-Farm Payrolls.
Fundamental News

EUR/USD
The single currency cascaded to $1.1788 yesterday after Eurozone retail sales disappointed with a drop in July, and recovered to $1.1850 now.


GBP/USD
The cable plunged to $1.3240 due to a lack of progress in trade negotiations between Britain and the European Union.

 

USD/JPY
The Japanese Yen soared to 106.15 per dollar after ISM Non-Manufacturing PMI for August came worst-than-anticipated.

 

AUD/USD
The Aussie soared from $0.7248 to $0.7270, buoyed by Australian retail sales increased by 3.2% in July.

 

USD/ZAR
The rand has struggled over the recent sessions and dived to 16.72 against the greenback as South African private sector activity contracted for the 16th straight month in August, albeit at a slower rate.

 

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

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Construction PMI (Aug)

16:30 - USD - Non-farm Payrolls (Aug)

16:30 - USD - Unemployment Rate (Aug)

18:00 - CAD - Ivey 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
1.1957
1.3461
107.04
17.78
R2
1.1911
1.3410
106.79
17.23
R1
1.1881
1.3345
106.49
17.11
PP
1.1835
1.3294
106.25
16.89
S1
1.1806
1.3229
105.94
16.65
S2
1.1760
1.3178
105.70
16.51
S3
1.1730
1.3113
105.39
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.