Market Patrol 17 August 2020

If you are not willing to risk the usual, you will have to settle for the ordinary

Jim Rohn

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

The Cable cheered the US dollar’s decline to $1.3100 ahead of the key Brexit talks, starting from tomorrow.

Fundamental News

EUR/USD
The Shared currency meandered around $1.1864 caught between pressure from worries about the lagging U.S. economic recovery and support from rising U.S. bond yields and safe-harbour demand.

GBP/USD
The Cable cheered the US dollar’s decline to $1.3100 ahead of the key Brexit talks, starting from tomorrow.

USD/JPY
The Japanese Yen slightly gained to 106.57 against the U.S dollar after Japan’s Q2 Preliminary GDP drops below -7.6% forecast to -7.8%.

AUD/USD
The risk-sensitive Australian dollar inched up to $0.7182 after a meeting between U.S. and Chinese officials, originally scheduled for Saturday, was delayed.

USD/ZAR
The South African rand rose to 17.34/dlr despite the return of rolling nationwide power cuts and more signs that the domestic economy remains under pressure.

USD/MUR
The dollar-rupee stayed put at 40.10(selling) on the domestic market.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - CAD - Foreign Securities purchases (Jun)

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

1.1935

1.3231

107.62

18.25

1.1892

1.3187

107.34

17.85

1.1867

1.3137

107.13

17.67

1.1824

1.3093

106.85

17.00

1.1799

1.3043

106.65

16.32

1.1756

1.2999

106.36

16.17

1.1731

1.2949

106.16

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

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Allan Juste

Head - Forex And Derivatives

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Head – Treasury Sales

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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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