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Treasury

Daily Market Patrol

Market Patrol 22 September 2020

The way to get started is to quit talking and begin doing

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Indicative Selling Rates
against MUR
USD
20 Dec 2024
  • AUD
  • 30.10
  • 0.6322
  • BWP
  • 3.54
  • 0.0745
  • CAD
  • 33.29
  • 1.4301
  • CNY
  • 6.72
  • 7.0815
  • DKK
  • 6.71
  • 7.0904
  • EUR
  • 49.58
  • 1.0414
  • HKD
  • 6.22
  • 7.6568
  • INR
  • 0.57
  • 83.7507
  • JPY
  • 31.08
  • 153.1735
  • KES
  • 37.41
  • 127.2757
  • NZD
  • 27.03
  • 0.5677
  • NOK
  • 4.24
  • 11.2216
  • SGD
  • 35.54
  • 1.3396
  • ZAR
  • 2.68
  • 17.7715
  • SEK
  • 4.37
  • 10.8960
  • CHF
  • 53.34
  • 1.1203
  • GBP
  • 59.72
  • 1.2543
  • USD
  • 47.61
  • 1.0000
  • AED
  • 13.26
  • 3.5895
The U.S dollar gained sharply across the board as virus fears and worries over delays in fresh U.S. stimulus
Fundamental News

EUR/USD
The Shared currency nosedived to $1.1753 after a resurgent U.S dollar gained sharply after virus fears and worries over delays in fresh U.S. stimulus drove a wave of selling in just about every other asset market.

 

GBP/USD
The Cable plummeted to $1.2800 on comments from Patrick Vallance, Britain’s chief scientific adviser that there could be 50,000 new infections every day by mid-October if the virus continues at its current rate and ahead of BoE's governor Bailey speech.

 

USD/JPY
The Safe Haven yen dropped to 104.55/dlr on US dollar broad strength amid risk-off mood and a closed Japanese market.

 

AUD/USD
The Aussie dollar slipped to $0.7215 backed up by Deputy Governor Guy Debelle speech that the Australian central bank is assessing various monetary policy options including currency market intervention and negative rates to meet its inflation and employment goals.

 

USD/ZAR
The South African rand reversed gains to 16.82 against the U.S dollar on a global market sell-off spurred by rising coronavirus cases in Europe and dwindling prospects for another economic aid package in the United States.

 

USD/MUR
The dollar-rupee crawled by 5 cents to 40.25(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

11:30 - GBP - BoE Gov Bailey Speaks

18:00 - USD - Existing home sales

18:30 - Fed Chair Powell Testifies

 

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
1.1993
1.3119
105.91
17.79
R2
1.1932
1.3043
105.40
17.53
R1
1.1853
1.2929
105.03
17.03
PP
1.1792
1.2853
104.52
16.93
S1
1.1713
1.2739
104.15
16.51
S2
1.1652
1.2663
103.64
16.32
S3
1.1573
1.2549
103.27
16.06
Weekly Market Update by Reshma Peerun Rajwani
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
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.