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Treasury

Daily Market Patrol

Market Patrol 6 October 2020

The market is a device for transferring money from the impatient to the patient.

Warren Buffett
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 Aussie dollar dropped to $0.7170 after Reserve Bank of Australia hinted at further policy easing
Fundamental News

EUR/USD
The Shared currency extended gains to $1.1788 on rising optimism that U.S. lawmakers could agree on a new stimulus to blunt the economic impact of the coronavirus.

 

GBP/USD
The Cable mounted to $1.2986 on rising expectations the EU and UK will agree on a trade deal, with Goldman Sachs forecasting both parties likely to reach an accord by early November.

 

USD/JPY
The Japanese yen faded to 105.65 versus the U.S dollar despite statements from China that the U.S. ban on certain applications defy the World Trade Organization rules.

 

AUD/USD
The Aussie dollar ticked down to $0.7170 after Australia’s central bank kept monetary policy unchanged and hinted at further policy easing.

 

USD/ZAR
South Africa's rand firmed at 16.53 against the greenback as global risk appetite increased on signs U.S. President Donald Trump's health has improved.

 

USD/MUR
The USD/MUR stayed put at 40.35(selling) on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Construction PMI (Sep)

12:35 - EUR - ECB President Lagarde Speaks

16:00 - USD - EIA Short-Term Energy Outlook

17:00 - EUR - ECB President Lagarde Speaks

18:00 - USD - JOLTs Job Openings (Aug)

18:40 - USD - Fed Chair Powell Speaks

 

 

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
1.1827
1.3132
106.03
17.36
R2
1.1798
1.3056
105.88
17.21
R1
1.1774
1.2973
105.70
17.08
PP
1.1746
1.2896
105.55
17.97
S1
1.1722
1.2814
105.38
16.77
S2
1.1693
1.2737
105.23
16.50
S3
1.1669
1.2655
105.06
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.