Market Patrol 31 August 2020

I always tell people to lift as you rise. It's not as sweet unless you do that.

Lule Demmissie

Indicative Selling Rates
against MUR
USD

03 Oct 2024

AUD
32.63
0.6964

BWP
3.64
0.0778

CAD
34.93
1.3413

CNY
6.88
6.8135

DKK
7.03
6.6630

EUR
51.95
1.1089

HKD
6.12
7.6528

INR
0.57
82.6031

JPY
32.52
144.0718

KES
36.96
126.7616

NZD
29.51
0.6298

NOK
4.51
10.3812

SGD
36.74
1.2750

ZAR
2.78
16.8304

SEK
4.61
10.1546

CHF
55.44
1.1834

GBP
62.38
1.3314

USD
46.85
1.0000

AED
13.06
3.5884

The yen steadied at 105.64 per dollar awaiting the nomination of a new ruler.

Fundamental News

EUR/USD
The fiber surged to $1.1896 on fresh hopes for an upcoming coronavirus vaccine. Eurozone CPI figures will be released later.

GBP/USD
The Sterling pummeled from $1.3367 to $1.3325 after the UK government's plan to mull £30 billion in tax hikes to plug a hole in the deficit caused anger within the Conservative Party.

USD/JPY
The yen steadied around 105.63 against the U.S dollar on the view that Japan's next leader will stay the course on the 'Abenomics' economic revival programme.

AUD/USD
The Aussie plunged from $0.7382 to $0.7345 on reports from China's commerce ministry on Monday that it had launched an anti-subsidy investigation on some wine imports from Australia.

USD/ZAR
South Africa rand soared to 16.60 against the greenback although South Africa recorded a budget deficit of 134.53 billion rands ($8.06 billion) in July compared with a shortfall of 99.10 billion rands in the corresponding period last year.

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

Fundamental & Technical Data

Economic Indicators-Local Time

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

1.2054

1.3579

108.22

17.78

1.1987

1.3468

107.58

17.23

1.1945

1.3409

106.48

17.11

1.1878

1.3298

105.84

16.89

1.1837

1.3239

104.73

16.65

1.1769

1.3128

104.10

16.51

1.1728

1.3069

102.99

16.35

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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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