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Treasury

Daily Market Patrol

Market Patrol 8 September 2020

A man must know himself thoroughly if he is going to make a good job out of trading.

Jesse Livermore
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
The cable nosedived to a 2-week low of $1.3128 on Brexit woes
Fundamental News

EUR/USD
The single currency recovered from a low of $1.1796 to $1.1820 this morning, despite the mixed German Trade and Current Account data, amid dovish European Central Bank expectations this week.

 

GBP/USD
The Sterling nosedived to $1.3128 as Brexit impasse revived after the European Union warned the U.K of a no-trade deal if it tried to tinker with the divorce treaty.

 

USD/JPY
The Japanese Yen weakened to 106.22 per dollar as Japan's economy shrank an annualised 28.1% in April-June, worse than the initial estimate of a 27.8% contraction.

 

AUD/USD
The Aussie surged to $0.7305, shrugging-off mixed Australian NAB survey and U.S.- China tussle.

 

USD/ZAR
The rand plunged to 16.69 against the greenback as Gross Domestic Product data is wildly expected to show a massive contraction during the country's strict coronavirus lockdown.

 

USD/MUR
The pair lingered at 40.20(selling) on the Mauritian 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
1.1877
1.3388
106.64
17.78
R2
1.1863
1.3334
106.51
17.23
R1
1.1840
1.3249
106.39
17.11
PP
1.1826
1.3195
106.26
16.89
S1
1.1803
1.3110
106.14
16.65
S2
1.1789
1.3056.
106.01
16.51
S3
1.1766
1.2971
105.89
16.35
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.