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Daily Market Patrol

Market Patrol 14 September 2020

Opportunities don't happen. You create them 

Chris Grosser
Indicative Selling Rates
against MUR
USD
20 Sep 2021
  • AUD
  • 31.22
  • 0.7295
  • BWP
  • 3.91
  • 0.0914
  • CAD
  • 33.73
  • 1.2691
  • CNY
  • 6.71
  • 6.3788
  • DKK
  • 6.84
  • 6.2566
  • EUR
  • 50.31
  • 1.1755
  • HKD
  • 5.59
  • 7.6619
  • INR
  • 0.59
  • 72.6819
  • JPY
  • 39.24
  • 109.0796
  • KES
  • 39.39
  • 108.6531
  • NZD
  • 30.30
  • 0.7080
  • NOK
  • 4.98
  • 8.5866
  • SGD
  • 32.02
  • 1.3367
  • ZAR
  • 2.94
  • 14.5487
  • SEK
  • 4.98
  • 8.5976
  • CHF
  • 46.22
  • 1.0799
  • GBP
  • 58.88
  • 1.3757
  • USD
  • 42.80
  • 1.0000
  • AED
  • 11.78
  • 3.6323
Japanese Yen meandered at 106 versus the U.S dollar, all eyes on Japan’s PM Vote.
Fundamental News

EUR/USD
The Shared currency ticked lower to $1.1840 ahead of the Eurozone industrial production data and the Fed's interest rate decision due on Wednesday.

 

GBP/USD
The Cable dropped to $1.2820 on fears that Britain will end its post-Brexit transition period without any trading arrangements, overshadowed data showing the economy recovery.

 

USD/JPY
The Japanese yen stayed put at 106.04 against the greenback, while investors awaited for Japan's ruling party to choose a successor to Prime Minister Shinzo Abe.

 

AUD/USD
The Aussie dollar edged up to $0.7284 as market awaits RBA minutes, Australian jobs report and Chinese Industrial Production in tomorrow's Asian session.

 

USD/ZAR
The South African rand gained to 16.66/dlr with yield-hungry investors supporting demand for the currency.

 

USD/MUR
The USD/MUR was unchanged at 40.20(selling) on the local market.

Fundamental & Technical Data
Economic Indicators-Local Time

13:00 - EUR - Industrial Production (MoM) (Jul)

13:30 - ZAR - Business Confidence 

 

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
1.2005
1.3232
106.62
17.78
R2
1.1961
1.3134
106.46
17.23
R1
1.1888
1.2969
106.30
17.11
PP
1.1845
1.2871
106.14
16.89
S1
1.1771
1.2707
105.98
16.60
S2
1.1728
1.2609
105.82
16.51
S3
1.1655
1.2445
105.66
16.35
Weekly FX Market Analysis by Karishma Sewock Nobutsing 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.