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Treasury

Daily Market Patrol

Market Patrol 28 September 2020

You can never cross the ocean until you have the courage to lose sight of the shore.

Christopher Columbus
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 Cable climbed to $1.2773 from the weekend headlines suggesting brighter odds of success for the key Brexit talks.
Fundamental News

EUR/USD
The Shared currency ticked down to $1.1634 amid fears of a second wave of the Covid-19 pandemic sweeping across Europe, and concerns that the nascent economic recovery in the Eurozone will be washed away.

 

GBP/USD
The Cable climbed to $1.2773 from the weekend headlines suggesting brighter odds of success for the key Brexit talks ahead of the crucial week comprising trade negotiations and U.K. GDP.

 

USD/JPY
The Japanese yen hovered at 105.30 against the U.S. dollar on worries about the return of severe lockdown restrictions to contain the second wave of coronavirus infections.

 

AUD/USD
The Aussie dollar held at $0.7050 after falling for six consecutive sessions, as odds narrowed over the prospect of further monetary policy easing in the country.

 

USD/ZAR
The Rand gave up gains to 17.00 versus the greenback amid concerns that rising coronavirus cases around the world could delay economic recovery and moved investors away from riskier currencies.

 

USD/MUR
The dollar-rupee stayed put at 40.35(selling).

Fundamental & Technical Data
Economic Indicators-Local Time

17:45 - EUR - ECB President Lagarde 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
1.1745
1.2920
106.22
17.36
R2
1.1715
1.2862
105.96
17.21
R1
1.1673
1.2803
105.76
17.08
PP
1.1643
1.2745
105.50
17.97
S1
1.1601
1.2686
105.30
16.77
S2
1.1571
1.2628
105.04
16.50
S3
1.1529
1.2569
104.84
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.