Market Patrol 18 September 2020

Don't be afraid to give up the good to go for the great.

Thomas Jefferson

Indicative Selling Rates
against MUR
USD

20 May 2024

AUD
31.29
0.6765

BWP
3.48
0.0752

CAD
34.28
1.3494

CNY
6.49
7.1298

DKK
6.85
6.7581

EUR
50.57
1.0931

HKD
6.02
7.6834

INR
0.56
81.9464

JPY
30.06
153.9165

KES
35.81
129.1711

NZD
28.61
0.6185

NOK
4.43
10.4478

SGD
34.75
1.3311

ZAR
2.63
17.5910

SEK
4.38
10.5588

CHF
51.21
1.1069

GBP
59.06
1.2766

USD
46.26
1.0000

AED
12.80
3.6152

The Safe-haven yen extended gains to a seven-week high to 104.78 against the dollar on a batch of generally weak U.S. data

Fundamental News

EUR/USD
The Shared currency regained traction to $1.1850 as downbeat U.S. data cast a shadow over the Fed's economic outlook.

GBP/USD
The Cable initially dropped sharply to $1.2863 before recovering sharply to $1.2962 after European Commission President Ursula Von der Leyen stated that a trade deal between the European Union and the United Kingdom is still possible.

USD/JPY
The Safe-haven yen extended gains to a seven-week high to 104.78 against the dollar on a batch of weak U.S. data and overall uncertainty about the U.S. economic outlook.

AUD/USD
The Aussie dollar ticked up to $0.7315 as the Australian Prime Minister Scott Morrison said that the coronavirus decline in the Victoria State is encouraging.

USD/ZAR
South African rand soared to a high of 16.18 versus the U.S dollar as the Reserve Bank of South Africa left its main lending rate unchanged at 3.5%.

USD/MUR
The pair were unchanged at 40.20(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - CAD - Core Retail Sales (MoM) (Jul)

18:00 - EUR - ECB Schnabel 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

1.1813

1.3160

105.75

17.13

1.1923

1.3079

105.46

16.92

1.1887

1.3026

105.10

16.65

1.1813

1.2945

104.81

16.38

1.1772

1.2892

104.45

16.33

1.1698

1.2811

104.16

16.02

1.1657

1.2758

103.80

15.92

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Head - Forex And Derivatives

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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.

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