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Daily Market Patrol

Market Patrol 6 August 2020

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Dr Joyce Brothers
Indicative Selling Rates
against MUR
USD
24 Sep 2021
  • AUD
  • 31.55
  • 0.7362
  • BWP
  • 3.91
  • 0.0913
  • CAD
  • 34.11
  • 1.2564
  • CNY
  • 6.72
  • 6.3745
  • DKK
  • 6.87
  • 6.2409
  • EUR
  • 50.50
  • 1.1785
  • HKD
  • 5.60
  • 7.6580
  • INR
  • 0.59
  • 72.6590
  • JPY
  • 39.12
  • 109.5434
  • KES
  • 39.35
  • 108.8984
  • NZD
  • 30.55
  • 0.7130
  • NOK
  • 5.08
  • 8.4425
  • SGD
  • 32.10
  • 1.3351
  • ZAR
  • 2.96
  • 14.4639
  • SEK
  • 5.03
  • 8.5245
  • CHF
  • 46.66
  • 1.0889
  • GBP
  • 59.01
  • 1.3772
  • USD
  • 42.85
  • 1.0000
  • AED
  • 11.80
  • 3.6323
The Pound sterling surged to $1.3180 post BoE kept its benchmark interest rate at an all-time low of 0.1%
Fundamental News

EUR/USD
The Shared currency burst to $1.1881 under the weight of worries that the U.S. economic recovery may lag other countries due to a high level of coronavirus infections, as investors looked to upcoming data on the U.S. labor market.

 

GBP/USD
The Pound sterling surged to $1.3180 as the Bank Of England refrained from taking any further action and left its benchmark interest rate at an all-time low of 0.1%.

 

USD/JPY
The Japanese yen gained to 105.51 against the greenback as below than expected U.S. jobs data hammered the dollar while increasing worries about a recovery in the pandemic-ravaged global economy kept demand for the haven currency.

 

AUD/USD
The Aussie dollar cheered to a high of $0.7141 on U.S dollar weakness, before retreating to $0.7200 on downbeat comments from Australia’s PM Scott Morrison.

 

USD/ZAR
The South African rand gained to 17.27/dlr thanks to a weaker U.S dollar, while stocks jumped to a more than five-week high led by gold miners.

 

USD/MUR
The Mauritian rupee stayed put at 40.15(Selling) following the intervention from the central bank on the domestic market.

Fundamental & Technical Data
Economic Indicators-Local Time

12:30 - GBP - Construction PMI (JUl)

15:30 - GBP - BoE Gov Bailey Speaks

16:30 - USD -  Initial Business claims

 

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
06-Aug-2020
Bank of Japan
-0.10%
28-Jan-2016
17-Sep-2020
Reserve Bank of Australia
0.25%
18-Mar-2020
04-Aug-2020
S.Africa Reserve Bank
3.50%
23-Jul-2020
17-Sep-2020
Reserve Bank of India
4.00%
22-May-2020
06-Aug-2020
Bank of Mauritius
1.85%
16-Apr-2020
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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
R3
1.2028
1.3272
106.42
18.25
R2
1.1966
1.3216
106.14
17.65
R1
1.1916
1.3167
105.87
17.54
PP
1.1854
1.3112
105.59
17.00
S1
1.1804
1.3063
105.32
16.32
S2
1.1742
1.3008
105.04
16.17
S3
1.1692
1.2959
104.77
16.00
Technical Analysis - Forex Charts
Japanese Yen may flirt to 105.30/19/dlr, further underscoring what may appear to be a buoyant month.
Chart updated on 24.07.2020
USD/CAD - Early stage of a bullish run.
Chart posted on 24.07.2020
Weekly Technical Analysis on GBP by Aassan Deedarun on Radio One
Speak to our team
  • Allan Juste
    Head - Forex And Derivatives
    +230 5251 4855
  • Reshma Peerun Rajwani
    Head – Treasury Sales
    +230 403 5500
  • Karishma Sewock Nobutsing
    Senior Dealer - Treasury Sales
    (+230) 5943 9837
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.