Market Patrol 21 September 2020

As you get older, your interests and your skills will evolve. My advice is to be open to change.

Bill Gates

Indicative Selling Rates
against MUR
USD

19 Apr 2024

AUD
30.42
0.6459

BWP
3.47
0.0737

CAD
34.46
1.3664

CNY
6.60
7.1402

DKK
6.82
6.9093

EUR
50.34
1.0691

HKD
6.10
7.7148

INR
0.57
82.1874

JPY
30.85
152.6385

KES
35.97
130.9049

NZD
27.96
0.5937

NOK
4.35
10.8251

SGD
34.91
1.3490

ZAR
2.53
18.6446

SEK
4.35
10.8361

CHF
52.18
1.1081

GBP
58.79
1.2484

USD
47.09
1.0000

AED
13.02
3.6162

The greenback capped gains amid brewing US-China tensions.

Fundamental News

EUR/USD
The single currency mounted to $1.1860 on reports that the European Central Bank launched a review of its pandemic bond-buying program (PEPP).

GBP/USD
The Sterling cascaded to $1.2945, pressured by Britain signals that it was considering whether to impose a second national lockdown on mounting Covid-19 cases.

USD/JPY
The safe-haven yen rocketed to 104.32 per dollar, despite from the risk-off market mood amid renewed US-China tensions.

AUD/USD
The Aussie bounced to $0.7314, buoyed by Australian PM Morrison upbeat comments about the job-bounce in Victoria.

USD/ZAR
The rand surged to 6-month best at 16.07 on Friday and retreated to 16.30 against the dollar, ahead of the Fed Chairman Jerome Powell’s speech later today.

USD/MUR
The dollar-rupee stalled at 40.20(selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

16:45 - EUR - ECB President Lagarde Speaks

18:00 - USD - Fed Chair Powell Speaks

Central Bank Interest Rates

Last Change

New Meeting

Federal Bank of U.S

0.00-0.25%

16-Mar-2020

05-Nov-2020

European Central Bank

0.00%

10-Mar-2016

29-Oct-2020

Bank of England

0.10%

19-May-2020

Bank of Japan

-0.10%

28-Jan-2016

Reserve Bank of Australia

0.25%

18-Mar-2020

S.Africa Reserve Bank

3.50%

23-Jul-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

1.1909

1.3057

105.47

17.13

1.1890

1.3029

105.17

16.92

1.1865

1.2972

104.87

16.65

1.1845

1.2944

104.57

16.38

1.1821

1.2887

104.27

16.33

1.1801

1.2858

103.97

16.02

1.1776

1.2802

103.68

15.92

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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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