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Daily Market Patrol

Market Patrol 13 July 2020

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Cliff Obrecht
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
The U.S. dollar edged down in Asian trade on Monday as investors looked to looming economic data from around the world .
Fundamental News

EUR/USD
The single currency, at the mercy of the broader market sentiment, picked up to $1.1330 on Monday as European Council President Michel proposed a smaller joint EU budget for 2021-27 than previously envisaged to placate thrifty countries in the north. EU summit is highly anticipated for clues on July 17-18.

 

GBP/USD
Sterling mounted to $1.2660 on news that a cross-party group of politicians will analyze the country’s pandemic situation and help overcome the crisis and that UK will leave EU by the end of 2020 regardless of the type of agreement, echoed by Michel Gove. Speech by the BOE Governor Bailey and Home Secretary Priti Patel is awaited for fresh impetus.

 

USD/JPY
The Japanese yen, divided between risk-on mood and broad US dollar weakness, trades flat around 106.90 per dollar, as Bank of Japan appointed new monetary policy team head to tackle coronavirus economic impact.

 

AUD/USD
The Aussie mounted to $0.6980 despite fears rattled by US-China Trade War as President Trump said that it is highly unlikely that a “Phase 2” trade deal with China will occur at this time.

 

USD/ZAR
The South African rand surged to 16.71 against the greenback amid looming economic data from around the world.

 

USD/MUR
The pair stayed unfazed at 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

19:30 - GBP - BoE Gov Bailey Speaks

 

 

 

Central Bank Interest Rates
Last Change
New Meeting
Federal Bank of U.S
0.00-0.25%
16-Mar-2020
29-Jul-2020
European Central Bank
0.00%
10-Mar-2016
16-Jul-2020
Bank of England
0.10%
19-May-2020
06-Aug-2020
Bank of Japan
-0.10%
28-Jan-2016
22-Jul-2020
Reserve Bank of Australia
0.25%
18-Mar-2020
04-Aug-2020
S.Africa Reserve Bank
4.25%
21-May-2020
-
Reserve Bank of India
4.00%
22-May-2020
06-Aug-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
1.1422
21.2721
107.67
18.05
R2
1.1393
1.2695
107.53
17.68
R1
1.1368
1.2651
107.37
17.43
PP
1.1300
1.2626
107.23
17.00
S1
1.1294
1.2581
107.07
16.73
S2
1.1264
1.2556
106.93
16.58
S3
1.1166
1.2512
106.77
16.46
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.