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Treasury

Daily Market Patrol

Market Patrol 9 July 2020

The hard part is discipline, patience and judgement.

Seth Klarman
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
Sterling clung to 3-week highs on UK fiscal stimulus of 30 billion pounds
Fundamental News

EUR/USD

The Single currency rocketed to $1.1363 as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency.

 

GBP/USD

The Sterling surged to a three-week high of $1.2630 as UK fiscal stimulus of 30 billion pounds to stem an unemployment crisis shrugged off pessimistic comments about EU-UK trade talks from German Chancellor Angela Merkel. 

 

USD/JPY

The Japanese Yen gained to 107.30/dlr on U.S dollar setback across the board.

 

AUD/USD

The Aussie dollar crept higher to $0.6987, buoyed by a softer USD, and backed up by a pool of positive economic data from China in today's Asian session.

 

USD/ZAR

The South African rand edged higher to 16.92 against the U.S dollar, although a resurgence of new coronavirus cases globally and fresh evidence of the weakness of the local economy kept sentiment cautious.

 

USD/MUR
The USD/MUR  unchanged at 40.20(selling) on the domestic market following the intervention of the central bank.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD - Inital Jobless Claims

 

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
29-Jul-2020
European Central Bank
0.00%
10-Mar-2016
16-Jul-2020
Bank of England
0.10%
19-May-2020
06-Aug-2020
Bank of Japan
-0.10%
28-Jan-2016
22-Jul-2020
Reserve Bank of Australia
0.25%
18-Mar-2020
04-Aug-2020
S.Africa Reserve Bank
4.25%
21-May-2020
-
Reserve Bank of India
4.00%
22-May-2020
06-Aug-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
1.1459
1.2730
108.08
18.05
R2
1.1402
1.2696
107.90
17.68
R1
1.1356
1.2655
107.57
17.43
PP
1.1315
1.2582
107.39
17.00
S1
1.1279
1.2541
107.06
16.73
S2
1.1226
1.2468
106.8
16.58
S3
1.1190
1.2427
106.55
16.46
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.