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Daily Market Patrol

Market Patrol 13 August 2020

The real voyage of discovery consists not in seeking new landscapes, but in having new eyes.

Marcel Proust
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
EUR/USD surged by 100 pips to $1.1814 amid fading hopes for a compromise over relief legislation for the U.S. economy.
Fundamental News

EUR/USD
The single currency surged by 100 pips to $1.1814 on the back of dollar weakness, amid fading hopes for a compromise between Republicans and Democrats over relief legislation for the U.S. economy.

 

GBP/USD
The cable knocked down to $1.3005 yesterday as the U.K. economy shrank by 20.4% between April and June, before recovering to $1.3066 on Brexit hopes.

 

USD/JPY
The Japanese Yen tumbled to 107.01 against the U.S dollar on improvement in the American inflation data, where CPI rose 0.6% last month.

 

AUD/USD
The Aussie inched up to $0.7187, holding onto gains after data showed the economy created three times as many jobs as expected, and the jobless rate fell from a 22-year high in July.

 

USD/ZAR
The rand ended a brief recovery rally from 17.33 to 17.48 against the greenback as intensifying tensions between Washington and Beijing prompted investors to stay on the sidelines.

 

USD/MUR
The pair edged lower by 5 cents to 40.25(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

16:30 - USD- Initial Jobless Claims

 

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
R3
1.1935
1.3128
107.71
18.25
R2
1.1876
1.3098
107.36
17.85
R1
1.1830
1.3066
107.14
17.67
PP
1.1771
1.3036
106.79
17.00
S1
1.1725
1.3004
106.57
16.32
S2
1.1665
1.2973
106.22
16.17
S3
1.1619
1.2941
105.99
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
Weekly Technical Analysis on GBP by Aassan Deedarun on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.