Market Patrol 25 September 2020

A goal without a plan is just a wish.

Antoine de Saint-Exupery

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

GBP/USD jostled to $1.2765, boosted by Finance Minister Sunak's launch of scaled-back job support.

Fundamental News

EUR/USD
The single currency inched higher to $1.1667 on optimism that German business expectations index climbed to 10.4 in September from 5.5, signalling signs of reviving economies. The market is eyeing the G7 finance ministers virtual meeting today for fresh impetus.

GBP/USD
The British pound vaulted from $1.2668 to $1.2765, underpinned by Britain's government launch of scaled-back job support for workers hit by a resurgent COVID-19 pandemic.

USD/JPY
The safe-haven yen plunged to 105.34 per dollar despite U.S initial jobless claims plummeted to 870k, with 866k prior.

AUD/USD
The Aussie climbed to $0.7060, even though Australia's imports dropped by 7% in August.

USD/ZAR
The rand sidelined around 16.93 against the greenback amid market is waiting for local confidence data at 13:30 today.

USD/MUR
The dollar-rupee edged lower by 5 cents to 40.35(selling) following the intervention of the Bank of Mauritius on the Forex market yesterday.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - USD - Core Durable Goods (MoM)(Aug)

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

1.1757

1.2880

105.89

17.36

1.1722

1.2831

105.71

17.21

1.1697

1.2789

105.56

17.08

1.1662

1.2740

105.38

17.97

1.1637

1.2698

105.24

16.77

1.1602

1.2649

105.06

16.50

1.1576

1.2607

104.91

16.06

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Allan Juste

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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