Market Patrol 26 August 2020

Success is not final, failure is not fatal. It is the courage to continue that counts.

Winston S.Churchill

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 Single currency retreated to $1.1810 on caution ahead of Powell’s speech on Thursday.

Fundamental News

EUR/USD

The Shared currency initially rose to $1.1846 on better-than-expected German business morale data the previous day, before retreating to $1.1810 this morning on caution ahead of a key U.S. Federal Reserve speech on Thursday.

GBP/USD

The Pound Sterling climbed to $1.3126, shrugging off an unexpected drop in Britain's monthly retail sales data on Tuesday.

USD/JPY

The Japanese yen lost ground to 106.37versus the greenback despite upbeat prints of Japan’s Corporate Service Price Index data earlier today.

AUD/USD

The Australian dollar nudged up to $0.7191 as risk appetite got a boost from positive Sino-U.S. trade developments.

USD/ZAR

The South African rand extended gains to 16.81 against the U.S. dollar, as riskier currencies cheered positive signals from trade talks between the United States and China.

USD/MUR

The Dollar-rupee stayed put at 40.20(Selling) on the local market.

Fundamental & Technical Data

Economic Indicators-Local Time

16:30 - USD - Core Durable Goods Orders (MoM) (Jul)

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

1.1896

1.3219

107.04

17.78

1.1873

1.3184

106.39

17.23

1.1850

1.3124

106.09

17.06

1.1807

1.3089

105.89

16.89

1.1765

1.3029

105.78

16.65

1.1742

1.2994

105.58

16.51

1.1700

1.2934

105.47

16.35

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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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