Market Patrol 4 September 2020

Once you start giving, it grows inside you, becomes more important to you to give.

Edward Stack

Indicative Selling Rates
against MUR
USD

25 Apr 2024

AUD
30.77
0.6565

BWP
3.43
0.0733

CAD
34.51
1.3581

CNY
6.56
7.1473

DKK
6.83
6.8649

EUR
50.42
1.0758

HKD
6.08
7.7125

INR
0.57
82.0612

JPY
30.50
153.6760

KES
35.48
132.1115

NZD
28.10
0.5994

NOK
4.36
10.7536

SGD
34.80
1.3468

ZAR
2.52
18.6007

SEK
4.37
10.7251

CHF
51.57
1.1003

GBP
58.71
1.2526

USD
46.87
1.0000

AED
12.96
3.6157

U.S dollar strengthened overnight ahead of U.S Non-Farm Payrolls.

Fundamental News

EUR/USD
The single currency cascaded to $1.1788 yesterday after Eurozone retail sales disappointed with a drop in July, and recovered to $1.1850 now.

GBP/USD
The cable plunged to $1.3240 due to a lack of progress in trade negotiations between Britain and the European Union.

USD/JPY
The Japanese Yen soared to 106.15 per dollar after ISM Non-Manufacturing PMI for August came worst-than-anticipated.

AUD/USD
The Aussie soared from $0.7248 to $0.7270, buoyed by Australian retail sales increased by 3.2% in July.

USD/ZAR
The rand has struggled over the recent sessions and dived to 16.72 against the greenback as South African private sector activity contracted for the 16th straight month in August, albeit at a slower rate.

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

Fundamental & Technical Data

Economic Indicators-Local Time

12:30 - GBP - Construction PMI (Aug)

16:30 - USD - Non-farm Payrolls (Aug)

16:30 - USD - Unemployment Rate (Aug)

18:00 - CAD - Ivey PMI (Aug)

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

1.1957

1.3461

107.04

17.78

1.1911

1.3410

106.79

17.23

1.1881

1.3345

106.49

17.11

1.1835

1.3294

106.25

16.89

1.1806

1.3229

105.94

16.65

1.1760

1.3178

105.70

16.51

1.1730

1.3113

105.39

16.35

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Allan Juste

Head - Forex And Derivatives

+230 5251 4855

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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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