Market Patrol 14 September 2020

Opportunities don't happen. You create them

Chris Grosser

Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

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

1.2005

1.3232

106.62

17.78

1.1961

1.3134

106.46

17.23

1.1888

1.2969

106.30

17.11

1.1845

1.2871

106.14

16.89

1.1771

1.2707

105.98

16.60

1.1728

1.2609

105.82

16.51

1.1655

1.2445

105.66

16.35

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Head - Forex And Derivatives

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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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