Market Patrol 10 August 2020

It always seems impossible until it's done.

Nelson Mandela

Indicative Selling Rates
against MUR
USD

24 Apr 2024

AUD
30.84
0.6580

BWP
3.43
0.0732

CAD
34.58
1.3552

CNY
6.56
7.1461

DKK
6.83
6.8651

EUR
50.42
1.0758

HKD
6.07
7.7178

INR
0.57
81.9769

JPY
30.62
153.0506

KES
35.48
132.1115

NZD
28.11
0.5997

NOK
4.40
10.6625

SGD
34.83
1.3457

ZAR
2.54
18.4847

SEK
4.40
10.6565

CHF
51.73
1.1037

GBP
58.66
1.2515

USD
46.87
1.0000

AED
12.96
3.6156

The Mauritian rupee dragged down by 12 cents following Bank Of Mauritius' intervention on last Friday

Fundamental News

EUR/USD

The Shared currency dropped to $1.1794 after upbeat U.S. Non-farm payrolls data, pushing U.S. Treasury yields higher.

GBP/USD

The Cable slipped to $1.3072 after British diplomats like Michael Gove and Rishi Sunak highlighted the odds of a Brexit deal by September without citing any strong shreds of evidence.

USD/JPY

The safe-haven yen retreated to 105.77 against the greenback on broad U.S dollar strength, while Japan is closed for a public holiday.

AUD/USD

The Aussie dollar tumbled to $0.7168 after Australia's second-most populous state, Victoria, reported its deadliest day of the coronavirus outbreak on Sunday, with 17 people dying and 394 new cases.

USD/ZAR

South Africa's rand fell to 17.73 versus the U.S dollar, amid souring emerging market sentiment led by Turkey's currency crisis coupled with increasing tension between China and the United States.

USD/MUR

The Mauritian rupee dragged down by 12 cents to 40.13 (selling), following the intervention of Bank Of Mauritius on last Friday.

Fundamental & Technical Data

Economic Indicators-Local Time

18:00 - USD - JOLTs Job Openings (Jun)

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

1.1988

1.3278

106.74

18.25

1.1935

1.3215

106.40

17.85

1.1861

1.3135

106.16

17.67

1.1808

1.3072

105.82

17.00

1.1734

1.2992

105.58

16.32

1.1681

1.2929

105.24

16.17

1.1607

1.2849

105

16.00

Technical Analysis - Forex Charts

Japanese Yen may flirt to 105.30/19/dlr, further underscoring what may appear to be a buoyant month.

Chart updated on 24.07.2020

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

Email
Reshma Peerun Rajwani

Head – Treasury Sales

+230 403 5500

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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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