Market Patrol 9 September 2020

I find that harder I work, the more luck I seem to have

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 Rand tumbled to 16.93 versus the greenback after S.A. GDP data showed the economy contracted sharply in the second quarter.

Fundamental News

EUR/USD
The Single currency edged lower to $1.1780 on the expectation of a dovish message from the European Central Bank's meeting tomorrow.

GBP/USD
The Pound extended losses to a six-week low at $1.2935 after U.K. Prime Minister Boris Johnson warned that Britain would end the negotiations with Europe if there were no progress on a deal by mid-October.

USD/JPY
The Japanese yen climbed to 105.93 against the greenback on risk aversion, amid heightened U.S.- China geopolitical tensions.

AUD/USD
The Aussie dollar slipped to $0.7223 on Wednesday as risk appetite turned sour in the wake of a stock market rout.

USD/ZAR
South Africa's rand tumbled to 16.93 versus the greenback after S.A. GDP data showed the economy contracted sharply in the second quarter.

USD/MUR
The Dollar-rupee strengthened by 10 cents to 40.30(Selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

16:00 - USD - EIA Short -Term Energy Outlook

18:00 - CAD - BoC Interest Rate decision

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00-0.25%

16-Mar-2020

14-Sep-2020

European Central Bank

0.00%

10-Mar-2016

10-Sep-2020

Bank of England

0.10%

19-May-2020

17-Sep-2020

Bank of Japan

-0.10%

28-Jan-2016

17-Sep-2020

Reserve Bank of Australia

0.25%

18-Mar-2020

01-Sep-2020

S.Africa Reserve Bank

3.50%

23-Jul-2020

17-Sep-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

1.1875

1.3309

106.84

17.78

1.1852

1.3244

106.61

17.23

1.1813

1.3112

106.32

17.11

1.1790

1.3047

106.09

16.89

1.1751

1.2915

105.80

16.65

1.1728

1.2850

105.57

16.51

1.1689

1.2718

105.28

16.35

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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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