Market Patrol 15 September 2020

The language of entrepreneurship is more common than English.

Sir Ronald Cohen

Indicative Selling Rates
against MUR
USD

17 Apr 2024

AUD
30.56
0.6476

BWP
3.47
0.0735

CAD
34.43
1.3705

CNY
6.61
7.1410

DKK
6.82
6.9167

EUR
50.39
1.0680

HKD
6.11
7.7157

INR
0.57
82.3274

JPY
30.86
152.8763

KES
36.52
129.2062

NZD
28.13
0.5962

NOK
4.39
10.7497

SGD
34.95
1.3499

ZAR
2.56
18.4272

SEK
4.37
10.7965

CHF
52.05
1.1032

GBP
58.93
1.2490

USD
47.18
1.0000

AED
13.05
3.6157

USD/MUR lingered at 40.20(selling) post-BOM intervention.

Fundamental News

EUR/USD
The single currency soared to $1.19, on the back of broad dollar weakness after the Trump administration rolled back its plans for an import ban on cotton and tomato products from China’s Xinjiang region.

GBP/USD
The cable retreated from high of $1.2918 to $1.2865, despite the UK government won an initial Parliamentary vote on its controversial bill to violate the Brexit deal with the European Union.

USD/JPY
The safe-haven yen vaulted to a two-week low at 105.55 per dollar on Monday following Yoshihide Suga election as the president of Japan's ruling Liberal Democratic Party.

AUD/USD
The Aussie slipped to $0.7330 as odds narrowed for further monetary policy easing by the country's central bank.

USD/ZAR
South Africa's rand firmed at 16.60 against the greenback lifted by improved risk appetite globally as a coronavirus vaccine trial was back on track.

USD/MUR
The dollar-rupee lingered at 40.20(selling) in the wake of the Bank of Mauritius' intervention on the FX market yesterday.

Fundamental & Technical Data

Economic Indicators-Local Time

10:00 - GBP - Average Earnings + Bonus (Jul)

13:00 - EUR - German ZEW Economic Sentiment (Sep)

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

1.1948

1.3061

106.70

17.78

1.1918

1.2990

106.43

17.23

1.1893

1.2919

106.08

17.11

1.1862

1.2848

105.81

16.89

1.1837

1.2776

105.46

16.60

1.1806

1.2705

105.20

16.51

1.1781

1.2634

104.84

16.35

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Allan Juste

Head - Forex And Derivatives

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+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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