Market Patrol 28 September 2020

You can never cross the ocean until you have the courage to lose sight of the shore.

Christopher Columbus

Indicative Selling Rates
against MUR
USD

24 Apr 2024

AUD
30.84
0.6580

BWP
3.43
0.0732

CAD
34.58
1.3552

CNY
6.56
7.1461

DKK
6.83
6.8651

EUR
50.42
1.0758

HKD
6.07
7.7178

INR
0.57
81.9769

JPY
30.62
153.0506

KES
35.48
132.1115

NZD
28.11
0.5997

NOK
4.40
10.6625

SGD
34.83
1.3457

ZAR
2.54
18.4847

SEK
4.40
10.6565

CHF
51.73
1.1037

GBP
58.66
1.2515

USD
46.87
1.0000

AED
12.96
3.6156

The Cable climbed to $1.2773 from the weekend headlines suggesting brighter odds of success for the key Brexit talks.

Fundamental News

EUR/USD
The Shared currency ticked down to $1.1634 amid fears of a second wave of the Covid-19 pandemic sweeping across Europe, and concerns that the nascent economic recovery in the Eurozone will be washed away.

GBP/USD
The Cable climbed to $1.2773 from the weekend headlines suggesting brighter odds of success for the key Brexit talks ahead of the crucial week comprising trade negotiations and U.K. GDP.

USD/JPY
The Japanese yen hovered at 105.30 against the U.S. dollar on worries about the return of severe lockdown restrictions to contain the second wave of coronavirus infections.

AUD/USD
The Aussie dollar held at $0.7050 after falling for six consecutive sessions, as odds narrowed over the prospect of further monetary policy easing in the country.

USD/ZAR
The Rand gave up gains to 17.00 versus the greenback amid concerns that rising coronavirus cases around the world could delay economic recovery and moved investors away from riskier currencies.

USD/MUR
The dollar-rupee stayed put at 40.35(selling).

Fundamental & Technical Data

Economic Indicators-Local Time

17:45 - EUR - ECB President Lagarde 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

1.1745

1.2920

106.22

17.36

1.1715

1.2862

105.96

17.21

1.1673

1.2803

105.76

17.08

1.1643

1.2745

105.50

17.97

1.1601

1.2686

105.30

16.77

1.1571

1.2628

105.04

16.50

1.1529

1.2569

104.84

16.06

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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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