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Treasury

Daily Market Patrol

Market Patrol 20th September of 2024

Success is the sum of small efforts, repeated day in and day out.

 

Robert Collier
Indicative Selling Rates
against MUR
USD
17 Oct 2024
  • AUD
  • 31.82
  • 0.6785
  • BWP
  • 3.60
  • 0.0767
  • CAD
  • 34.36
  • 1.3651
  • CNY
  • 6.78
  • 6.9139
  • DKK
  • 6.92
  • 6.7748
  • EUR
  • 51.16
  • 1.0908
  • HKD
  • 6.12
  • 7.6573
  • INR
  • 0.57
  • 82.6868
  • JPY
  • 32.16
  • 145.8299
  • KES
  • 37.00
  • 126.7634
  • NZD
  • 28.68
  • 0.6115
  • NOK
  • 4.38
  • 10.7030
  • SGD
  • 36.27
  • 1.2930
  • ZAR
  • 2.75
  • 17.0628
  • SEK
  • 4.52
  • 10.3821
  • CHF
  • 54.46
  • 1.1613
  • GBP
  • 61.21
  • 1.3052
  • USD
  • 46.90
  • 1.0000
  • AED
  • 13.07
  • 3.5886
The Pound sterling surged after BoE held rates steady as expected and on upbeat data.
Fundamental News

EURUSD
The Euro heightened to $1.1177 after the U.S. Existing Home Sales data published a lower-than-expected reading of 3.86M versus estimates of 3.96M.

GBPUSD

The Pound Sterling rocketed to $1.3323 after the Bank of England kept the interest rate unchanged at 5% and is expected to cut the rate more slowly than the Federal Reserve.  Upbeat U.K. Core Retail Sales data also underpinned the British currency.

USDJPY
The Japanese Yen remained stronger at 142.23 against the U.S. Dollar as the Bank of Japan (BoJ) kept the interest rate flat at 0.25% and mentioned that inflation and economic growth are expected to increase steadily.

AUDUSD
The Australian dollar swelled to $0.6818 on monetary policy divergence between the Reserve Bank of Australia's versus the Federal Reserve'seasing cycle.

USDCAD
The Loonie boosted to 1.3555 against the U.S. Dollar on higher crude oil prices.

USDZAR
The South African Rand seesawed at  17.50 against the U.S. Dollar following the South African Reserve Bank's decision to cut interest rates to 8% for the first time in over four years.

USDMUR
The dollar-rupee crumbed to 46.23(selling) this morning.

Fundamental & Technical Data
Economic Indicators-Local Time

16.15 CAD Boc Gov Macklem Speaks

16.30 CAD Core Retail Sales 

16.30 CAD  New Housing Price index

 

 

 

 

 

 

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
5.0%
18-Sep-2024
07-Nov-2024
European Central Bank
3.50%
12-Sep-2024
17-Oct-2024
Bank of England
5.00%
01-Aug-2024
19-Sep-2024
Bank of Japan
0.25%
31-Jul-2024
19-Sep-2024
Reserve Bank of Australia
4.35%
07-Nov-2023
24-Sep-2024
S.Africa Reserve Bank
8.25%
23-Nov-2023
19-Sep-2024
Reserve Bank of India
6.50%
04-Oct-2023
09-Oct-2024
Bank of Mauritius
4.50%
04-Nov-2022
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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
1.1312
1.3510
145.82
17.89
R2
1.1245
1.3412
144.88
17.78
R1
1.1204
1.3349
143.76
17.66
PP
1.1137
1.3251
142.82
17.50
S1
1.1096
1.3188
141.70
17.42
S2
1.1029
1.3090
140.76
17.31
S3
1.0988
1.3027
139.64
17.19
Technical Analysis - Forex Charts
EUR/USD Outlook- Likely to take a breather before a big jump forward
Chart updated on 08.05.2023
USD/MUR Outlook Bearish turn ahead !
Chart posted on 08.05.2023
EUR/MUR- A continuation of the uptrend!
Chart posted on 08.05.2023
The Pound is expected to experience a short-term rally before trending lower in wave C of a Zig-Zag corrective pattern
Chart posted on 12.08.2024
USD/ZAR bearish with potential for further downside to 17.50 (August 2023 level).
Chart posted on 13.03.2024
Yen bull, taking a breather before resuming its rally! 137.00
Chart posted on 12.08.2024
USDCAD - Medium term view
Chart posted on 27.08.2024
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.