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Treasury

Daily Market Patrol

Market Patrol 9 September 2020

I find that harder I work, the more luck I seem to have

Thomas Jefferson
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 Rand tumbled to 16.93 versus the greenback after S.A. GDP data showed the economy contracted sharply in the second quarter.
Fundamental News

EUR/USD
The Single currency edged lower to $1.1780 on the expectation of a dovish message from the European Central Bank's meeting tomorrow.

 

GBP/USD
The Pound extended losses to a six-week low at $1.2935 after U.K. Prime Minister Boris Johnson warned that Britain would end the negotiations with Europe if there were no progress on a deal by mid-October.

 

USD/JPY
The Japanese yen climbed to 105.93 against the greenback on risk aversion, amid heightened U.S.- China geopolitical tensions.

 

AUD/USD
The Aussie dollar slipped to $0.7223 on Wednesday as risk appetite turned sour in the wake of a stock market rout.

 

USD/ZAR
South Africa's rand tumbled to 16.93 versus the greenback after S.A. GDP data showed the economy contracted sharply in the second quarter.

 

USD/MUR
The Dollar-rupee strengthened by 10 cents to 40.30(Selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

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

18:00 - CAD - BoC Interest Rate decision

 

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
1.1875
1.3309
106.84
17.78
R2
1.1852
1.3244
106.61
17.23
R1
1.1813
1.3112
106.32
17.11
PP
1.1790
1.3047
106.09
16.89
S1
1.1751
1.2915
105.80
16.65
S2
1.1728
1.2850
105.57
16.51
S3
1.1689
1.2718
105.28
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.