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> Aussie dollar shed few pips, pushing the AUDUSD pair slightly lower at 0.7659
from 0.7691 after the Reserve Bank of Australia (RBA) decided to leave the
cash rate unchanged at 1.5 percent and maintained neutral stance as expected.
> The JPY lost ground to its US counterpart during the Asian session hurt by a
broadly stronger greenback and upbeat US ISM data which showed that the
manufacturing sector had returned to expansion in September.
> The Japanese Yen and the pound sterling tumble on the local market with the
latter trading at a 3 year low versus the rupee while the US dollar is
still flat in four days despite release of positive US data yesterday.
> The ZAR firmed to 13.55 per USD yesterday boosted by upbeat Chinese
manufacturing data.
Market Highlights
Indicative Spot Rates
Bid
AUDMUR
Bid
Change (Rs.)
Today
Change (Rs.)
26.83
0.08
28.09
0.08
Offer
1m
3m
6m
1m
3m
6m
AUDMUR
26.80
26.80
26.77
28.11
28.17
28.26
41.57
CNYMUR
5.21
(0.01)
5.48
(0.01)
EURMUR
39.41
39.58
39.80
41.01
41.23
EURMUR
39.37
(0.11)
40.92
(0.12)
ZARMUR
2.57
2.54
2.50
2.69
2.67
2.64
JPYMUR
34.34
(0.24)
35.86
(0.26)
USDMUR
35.16
35.23
35.27
36.60
36.71
36.86
GBPMUR
45.17
45.29
45.46
47.00
47.19
47.50
ZARMUR
2.58
0.02
2.70
0.02
USDMUR
35.15
36.54
GBPMUR
45.14
(0.35)
46.92
(0.37)
EURMUR
EURUSD
GBPMUR
USDMUR
GBPUSD
USD INDEX
1.3550
36.85
98.00
41.30
1.1400
48.80
1.3400
36.70
97.00
41.00
1.1250
48.30
1.3250
36.55
96.00
40.70
1.1100
47.80
1.3100
36.40
95.00
40.40
1.0950
47.30
1.2950
36.25
94.00
1.0800
46.80
1.2800
36.10
9-Sep
14-Sep
19-Sep
24-Sep
29-Sep
4-Oct
9-Sep
14-Sep
19-Sep
24-Sep
29-Sep
GBPUSD
40.10
USDMUR
49.30
GBPMUR
1.1550
4-Oct
USD INDEX
41.60
EURUSD
EURMUR
Offer
Today
93.00
9-Sep
14-Sep
19-Sep
24-Sep
29-Sep
4-Oct
Today
Major Indices
Value at Close
Day Change %
Opening
High
Low
Latest
DOW JONES
18,308.15
(0.30)
AUDUSD
0.7666
0.7691
0.7661
0.7676
S&P 500
2,161.20
(0.33)
EURUSD
1.1208
1.1219
1.1196
1.1200
FTSE 100
6,983.52
1.22
GBPUSD
1.2840
1.2860
1.2817
1.2850
DAX
10,511.02
USDJPY
101.62
102.38
101.58
102.08
NIKKEI 225*
16,695.42
0.58
USDCHF
0.9733
0.9753
0.9728
0.9753
HANGSENG*
23,610.06
0.11
USDCNH
6.68
6.68
6.68
6.68
Prior
Time
Country
Event
Period
Actual
Expected
03-Oct
14 00
US
Sep
51.5
50.3
49.4
04-Oct
03 30
AU
1.5%
1.5%
1.5%
04-Oct
08 30
UK
PMI Construction
Sep
49.0
49.2
04-Oct
09 00
EU
PPI (MoM)
Aug
0.1%
0.1%
This commentary is for information only, and the comments and forecasts are intended to be of a general nature, and are current at the date of issue. This document is not intended as an offer, solicitation, or recommendation to buy or
sell financial instruments or for any individual investment.
Source: MCB Treasury, Reuters, Bloomberg, Bank of Mauritius
FIXED INCOME
News
> A bout of selling hit the US government security market yesterday as fresh signs
of a resilient US economy bolstered the Federal Reserve case to raise interest
rates before the end of this year.
> Selling concentrated in short-term notes as their yields are highly sensitive to
changes in the Federal Reserve rate policy outlook. The yield on the two-year
note firmed to 0.800 percent, compared with 0.764 percent on Friday.
> The catalyst was a rebound in a closely tracked index measuring the health of
the manufacturing sector. After dipping into contradictory territory in August,
the monthly index from the Institute for Supply Management were back to the
expansionary zone in September, allaying some worries that the growth
momentum was fading away.
> The yield premium investors demanded to hold the 10-year note relative to
the two-year note shrank to 0.824 percent, near the smallest gap since 2007,
from 0.841 percentage point on Friday.
> The yield on the benchmark 10-year treasury note rose at a more subdued pace.
It settled at 1.624 percent, compared with 1.605 percent on Friday.
Market Highlights
Local Secondary Market
Bid (%)
Offer (%)
91 to 135
2.45
2.25
US Bonds
2 Year
5 Year
10 Year
0.798
1.185
1.627
Current
Level (%)
Previous (%)
4.00
4.40
136 to 180
2.55
2.35
UK Bonds
0.098
0.206
0.729
0.25 - 0.50
0 - 0.50
181 to 240
2.60
2.40
German Bonds
-0.692
-0.559
-0.092
0.25
0.50
241 to 300
2.70
2.50
0.0
0.0
301 to 364
2.80
2.60
1.50
1.75
4.00
3.50
364
3.00
2.50
182
LIBOR (%)
1 Week
1 Month
3 Months
6 Months
EUR
-0.388
-0.376
-0.322
-0.212
USD
0.463
0.528
0.858
1.248
GBP
0.243
0.267
0.383
0.535
EURIBOR
-0.381
-0.371
-0.301
-0.203
JIBAR
n/a
7.117
7.358
7.967
2.00
91
1.50
2yr
5yr
7yr
10yr
EURIBOR - 3m
-0.315
-0.272
-0.121
0.169
USD LIBOR - 3m
1.040
1.207
1.332
1.485
Tenor
1.00
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
COMMODITIES
Rolling Gold & Oil Prices
News
1400
54.00
> Brent settled above USD 50 a barrel yesterday for the first time since
August while US crude hit three-month highs, after Iran encouraged other
oil producers to join OPEC in supporting the market.
1380
52.00
> Oil prices retreated this morning, dragged lower by higher Iranian exports
that added to an already oversupplied market.
1360
50.00
> The yellow metal edged lower as the greenback rose on stronger-thanexpected US manufacturing figures.
1340
48.00
1320
46.00
Oil Price
Gold Price
Spot Market
1300
44.00
1280
42.00
9-Sep
14-Sep
19-Sep
24-Sep
29-Sep
4-Oct
Futures Market
Today
Change ($)
Today
Change ($)
48.77
0.12
50.70
0.75
48.55
0.65
48.55
0.65
Gold ($)
1,312.20
(2.70)
1,310.20
(3.10)
Silver ($)
18.91
(0.20)
18.80
(0.34)
This commentary is for information only, and the comments and forecasts are intended to be of a general nature, and are current at the date of issue. This document is not intended as an offer, solicitation, or recommendation to buy or
sell financial instruments or for any individual investment.
Source: MCB Treasury, Reuters, Bloomberg, Bank of Mauritius