Market Patrol 2 September 2020

Keep your eyes on the stars, and your feet on the ground.

Theodore Roosevelt

Indicative Selling Rates
against MUR
USD

18 Apr 2024

AUD
30.55
0.6504

BWP
3.46
0.0738

CAD
34.43
1.3642

CNY
6.58
7.1369

DKK
6.82
6.8835

EUR
50.41
1.0732

HKD
6.09
7.7142

INR
0.57
82.2069

JPY
30.79
152.5363

KES
36.08
130.1709

NZD
28.05
0.5972

NOK
4.37
10.7550

SGD
34.90
1.3459

ZAR
2.55
18.3894

SEK
4.36
10.7728

CHF
51.95
1.1061

GBP
58.86
1.2531

USD
46.97
1.0000

AED
12.99
3.6158

The Shared currency pressured amid ECB concern over euro value and downbeat inflation figures.

Fundamental News

EUR/USD
The Shared currency jettisoned to 1.1900 on Wednesday, as Eurozone inflation fell short of estimates on Tuesday and after the European Central Bank's chief economist said the exchange rate matters for the ECB.

GBP/USD
The cable retreated from an eight-month high of $1.3484 to $1.3365 amid a deadlock in Brexit negotiations.

USD/JPY
The Japanese yen languished to 106.07 versus the greenback, following upbeat U.S. manufacturing data reviving hopes of some improvement in the U.S economic recovery.

AUD/USD
The Australian dollar dropped from a high of $0.7412 to $0.7355 after Australia's Gross Domestic Product fell by 7% in the second quarter.

USD/ZAR
South Africa's rand rallied to 16.63/dlr on easing anxiety over squabbling in the ruling African National Congress party.

USD/MUR
The Mauritian rupee stayed put at 40.20(Selling) this morning.

Fundamental & Technical Data

Economic Indicators-Local Time

16:15 - USD - ADP Nonfarm Employment Change (Aug)

18:30 - USD - Crude Oil Inventories

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

1.2090

1.3504

107.04

17.78

1.2051

1.3450

106.57

17.23

1.1981

1.3410

106.24

17.11

1.1942

1.3356

105.77

16.89

1.1872

1.3315

105.44

16.65

1.1833

1.3261

104.96

16.51

1.1763

1.3221

104.63

16.35

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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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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